"Incoterms" is an abbreviation for "International Commercial Terms." These are published by the International Chamber of Commerce, and are used in commercial transactions between importers and exporters to prevent confusion when doing foreign trade. They help each party understand the exact terms of their business arrangement, and who is responsible for what during each part of a transaction. Here we're reviewing the Incoterm "Ex Works," abbreviated as EXW. In this blog, we will go through what is the Incoterm "Ex Works" (EXW), seller's responsibility, buyer's responsibility and etc. Check the blog now to gain more insights! |
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