What is the meaning of ex works exactly?

Answer 1

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).

Answer 2

Exworks 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.

Answer 3

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.

Answer 4

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.