Definition
An Incoterms 2020 rule where the seller makes the goods available at their own premises and the buyer bears all costs and risks from that point, including loading, export clearance, carriage and import duties. It places maximum obligation on the buyer and minimum on the seller. For South African importers, EXW means arranging the foreign export formalities and all transport, which can be impractical and is often replaced by FCA.
Frequently asked questions
What is EXW (Ex Works)?
An Incoterms 2020 rule where the seller makes the goods available at their own premises and the buyer bears all costs and risks from that point, including loading, export clearance, carriage and import duties. It places maximum obligation on the buyer and minimum on the seller. For South African importers, EXW means arranging the foreign export formalities and all transport, which can be impractical and is often replaced by FCA.
Which glossary terms are related to EXW (Ex Works)?
EXW (Ex Works) is a documentation term in the South African import/export industry. Related terms in the same area include Air Waybill (AWB), ATA Carnet, Bill of Lading (BoL), Cargo Manifest, Certificate of Conformity — each has its own plain-English definition in the TradeCaravan glossary.