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It's an Incoterms definition. Incoterms is a sort of dictionary used world-wide to regulate the transport of goods.
In this specific case, 'Ex-works' means that the importer will have to arrange and pay for the transport of the goods from the manufacturing company up to his 'door' (sort of speech).
Wiki User
∙ 13y ago
Ex Works (EXW) is an international trade term where the seller fulfills their obligation by making the goods available at their premises or another named place. The buyer is responsible for all transportation costs, risks, and customs clearance from that point onwards. The seller is not responsible for loading the goods onto a vehicle provided by the buyer.
Wiki User
∙ 13y agoExworks is an Incoterm.
The seller makes the goods available at his premises. The buyer is responsible for all charges.
This trade term places the greatest responsibility on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included.
EXW means that a seller has the goods ready for collection at his premises (Works, factory, warehouse, plant) on the date agreed upon.
The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination.
Wiki User
∙ 13y agoprice of any commodity/ any item at it's work place exclusive of taxes , transportation from place of work and accessories associated with it is called ex-works price.
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Is there any difference in order between ex- and former?
No, "ex" and "former" can typically be used interchangeably to refer to someone who previously held a particular title, position, or role. Both terms signify that the person is no longer in that position or role.
Where the word paralegal derives from?
The word "paralegal" is derived from the Latin terms "para" meaning alongside, and "legalis" meaning legal. A paralegal is someone who works in a law office and assists lawyers with various tasks, but does not practice law.
What makes the ex parte void?
An ex parte action may be void if it violates a party's due process rights by not allowing them the opportunity to be heard in court. This could happen if a court issues a significant ruling without allowing both parties to present their arguments. In such cases, the affected party may seek to have the ex parte order declared void by a higher court.
What is orgin word paralegal?
The origin word "paralegal" comes from the combination of "para," meaning beside or alongside, and "legal," referring to matters related to the law. Therefore, a paralegal is someone who works alongside lawyers providing support in legal matters.
What did ex slavers believed that ownership of land meant?
Ex-slavers believed that ownership of land meant power, control, and the ability to accumulate wealth and social status. They saw land as a symbol of dominance and a means to exploit resources for economic gain.
What is ex works?
This can mean one of two things: ex work - your last job ex work - from work (ex is a Latin word meaning from)
Meaning of Charcoal Works?
something used on a grill. Ex: I used CHARCOLE on the grill.
What is the meaning of ex works price?
price of any commodity/ any item at it's work place exclusive of taxes , transportation from place of work and accessories associated with it is called ex-works price.
How does it exactly works?
what exactly works!?
Pronunciation of ex?
Exactly as expected : "EKKS"
Is ex-works same as freight collect?
No Ex-Works is not the same as freight collect. Freight collect is when freight charges are collected at the port of discharge. Ex-Works is when a seller delivers goods at the disposal of the buyer at the seller's premises.
Im in love with your ex boyfriends best friend what do you do?
Tell you I hope it works out and to watch out for my ex....there is a reason why they are ex's.
What is the meaning of ex refinery price in the case of diesel?
ex-refinery
What does ex works?
outside of the factory where it is produced.
Does excise duty includes in Ex Works price?
Unless otherwise catergorically mentioned Ex- works price always include Excise duty.
How does evaperation work?
Evaporate comes from latin "ex", meaning out, and "vapor", meaning steam. The suffix "ate" is there to signify an action. Evaporation works like this. Water is heated to a temperature where it turns into a gas. This gas is then expelled out and up into the atmosphere.
What to do when your ex-girlfriend text you and ask what your doing?
an answer is what she needs meaning you have to answer her or reply her text because you have to remember that when you decided to break up you probably did it in a civilised way, you are not enermies so my whole point exactly is don't egnore her treat her as a friend rather than an ex girlfriend.
