Incoterms 2024 Exw Meaning

Incoterms 2024 Exw Meaning. Ex works is one of the incoterms (exw) that stands as a cornerstone in international trade architecture. Exw is one of the international shipping terms published by the international chamber of commerce (icc).

From that point forward, the buyer assumes responsibility for all costs and risks. Exw (ex works) is an incoterm that places the maximum responsibility on the buyer and the minimum responsibility on the seller.