EXW (Ex Works)

What does EXW stand for in logistics?

EXW stands for Ex Works. This means the seller makes the product available at the location selected by the buyer. This type of arrangement is in the favor of the seller (at the buyer’s expense, since he has to incur transport costs). A seller’s responsibility, in this case, consists of packaging the goods and making them available at the designated location. The buyer is responsible for all the costs and risks related to the goods.