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What is Ex-Works (EXW)

<br>Incoterms or International Commercial Terms define the terms and conditions for any trade. It is published by the International Chamber of Commerce and explains the total trade transportation costs from end-to-end services.

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What is Ex-Works (EXW)

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  1. ACCESSIBLE24×7,ALLINONE PLACE.

  2. ABOUTUS ECU360isyourpersonallogistics controltowerdeliveringendto endshippingservices:Quotations, Bookings,SailingSchedulesand ShippingInstructions. ONEPLATFORMFORALLYOURLOGISTICSNEEDS

  3. WHATISEX-WORKS(EXW) IncotermsorInternationalCommercialTermsdefinethetermsand conditionsforanytrade.ItispublishedbytheInternationalChamberof Commerceandexplainsthetotaltradetransportationcostsfromend-to- endservices. EXWorExWorksisasubcategoryofincoterm.Itisaninternationaltrade termthatfacilitatesshippingandtransportationarrangementsforgoods orcargo.Ithasthesmallestscopeofhandlingthetransportationcosts.Ex Worksdividestheresponsibilityofshippinggoodsfromoneplaceto anotherbetweentheexporter(seller)andimporter(buyer).

  4. HOWDOESEXW-EXWORKSOPERATE? Insimpleterms,thesellerproducesagoodasperthebuyer’s requirements.Thesellerandthebuyerreachabasicagreementto chooseapredeterminedplaceknownasExWorkstostartthe transportationoftheproduct.Thesellerthenhandsoverthegoodsto theExWorks(predeterminedlocation)andendstheseller's responsibilitypartially. ExWorksnowtransportsthegoodstothelocationofthebuyer,where theentireresponsibilityandriskofshippingthesegoodswillbetaken upbythebuyer.Duringthisprocessoftransportationofgoodsfrom oneplacetoanother,thesellerprovidestherequiredsupporttothe buyerforobtainingapprovalfromagencies,butthecostsorpayments mustbeentirelyhandledbythebuyer.

  5. WHYCHOOSEECU360FOREXWORKS? ECU360,apersonallogisticscontroltower,isonesuch companyofferingExWorksservices.Thenumber360in ECU360standsfor‘worldwide’,whichimpliesthatthey offerworldwideshippingandtransportationforthegoods. Thisonlineplatformisfeasibleforanytypeof transportationandforanytypeofgood.ECU360isthe mostfavoredonlineplatformbycompaniesfor transportingandshippingtheirgoodsallovertheworld.

  6. HOWDOESECU360HELPBUYERSANDSELLERS? ECU360OFFERSSEVERALBENEFITSTOBOTHSELLERSANDBUYERSTHROUGHOUTTHEWHOLE SHIPPINGANDTRANSPORTATIONPROCESS.HEREISHOWTHEPROCESSWORKS: THESELLERPRODUCESORMANUFACTURESAPARTICULARPRODUCTASPERTHE REQUIREMENTSOFTHEBUYER.THESELLERANDBUYERCANNOWCOMETOANAGREEMENT TOSELECTECU360ASAPREDETERMINEDLOCATION(EXWORKS)UPONTHEAGREEMENTOF BOTHPARTIES. ECU360CANBESELECTEDASEXWORKSBYBOOKINGITTHROUGHITSONLINEPORTAL. AFTEROPTINGFORECU360,THESELLERDELIVERSTHEMANUFACTUREDPRODUCTATTHE LOCATION.ECU360NOWTRANSPORTSTHISPRODUCTTOTHEBUYERTHROUGHVARIOUS MODESOFTRANSPORTATION.ECU360,INTHISPROCESS,PROVIDESALLTHEREQUIRED DATA,THESTATUSOFTHEPRODUCTANDFACILITATESTRACKINGOFTHEPRODUCT THROUGHITSWEBSITETOTHESELLERANDTHEBUYER. ECU360PROVIDESACCESSTOALLTHEDOOR-TO-DOORPRICESTOTHEBUYER. THEBUYERHERETAKESTHEENTIRERESPONSIBILITYOFTRANSPORTATIONCOSTSANDTHE RISKSTHATAREINVOLVED(LIKETRANSPORTINGTHEGOODSTOSHIPS,LOADINGTHEMONTOTHETRUCKSORVEHICLES,HANDLINGTHECUSTOMSREGULATIONSANDTHEMINISTRY INAUTHORITY,ANDSOON),RIGHTFROMTHETIMEWHENTHEGOODSAREHANDEDOVERTO

  7. Foranyquestionandconcerns,pleaseemail: ecu360contactus@ecuworldwide.com ORVISITAT-www.ecu360.com

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