In Incoterms, EXW trade term means Ex Works
When is Delivery Completed?
Seller delivers when he places the goods at disposal of buyer at seller’s premises or another named place (works, factory, warehouse etc). Seller does need not need to load the goods on any collecting vehicle, or clear the goods for export.
When does Buyer Risk and Obligation start?
Buyer has to bear all costs and risks involved in taking goods from the agreed point at the named place of delivery.
When is EXW suitable to be used?
Suitable for domestic trade.
Do not use EXW if buyer cannot carry out export formalities directly or indirectly. Use FCA term instead.