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EXW, or "Ex Works," is an Incoterm that specifies that the seller's responsibility is fulfilled once the goods are made available for pickup at their premises or another designated location. The buyer assumes all risks and costs associated with transporting the goods from the seller's location to their destination. This includes loading the goods, transportation, customs clearance, and insurance. Essentially, EXW places the minimum obligation on the seller and the maximum on the buyer.

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2w ago

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What does EXW mean?

Enlisted Expeditionary Warfare Specialist


What is the difference between Ex Works - EXW and CIF?

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Yes, prepaid and add freight can be used under EXW (Ex Works) terms, but it is not typical. In EXW, the seller's responsibility ends when the goods are made available for pickup at their premises, and the buyer assumes all costs and risks from that point onward. If the buyer chooses to have freight prepaid and added, they would need to arrange and pay for transportation while still taking responsibility for the goods once they leave the seller's location.


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Incoterms is a set of trade terms wich define the costs and risks for sellers and buyers in the international trade. Incoterms is a trademark of the International Chamber of Commerce.


How can one calculate the terms of trade to determine comparative advantage in trade?

To calculate the terms of trade and determine comparative advantage in trade, one can use the formula: Terms of Trade Price of Exports / Price of Imports. By comparing the terms of trade between countries, one can identify which country has a comparative advantage in producing certain goods or services.


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