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Glossary · Incoterms

Ex Works (EXW)

Ex Works (EXW) is a term under which the seller delivers goods at its own premises, such as a factory or warehouse. From that point on, the buyer bears all costs and risks.

The seller delivers the goods and transfers risks typically at their own premises (e.g. factory or warehouse). From that point on, the buyer assumes all costs and risks.

Source: DDP & EXW Incoterms® 2020 explained: Key differences, ICC Academy. Checked October 12, 2026.

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More incoterms terms

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Definitions are general information, not legal advice. Rules differ by country; check the source and the current regulation before you act on one.

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