Definition of EXW Incoterms 2020

The EXW Incoterm places the least demands on the seller. They must make the goods available to the buyer at the agreed time at a named place (factory, warehouse, etc.) and packaged for transport. This already fulfils the seller's obligation to deliver, and the risk and costs are transferred to the buyer. The buyer must collect the goods in accordance with the agreement. They organise the transport and can arrange this multi-modally, i.e. use any suitable means of transport.

Defin­i­tion of EXW In­coterms 2020

Definition of EXW Incoterms 2020