
GlossaryDefinition
What Does Ex Works Mean in Shipping? A 5-Minute Guide
Ex works in five minutes: what EXW means, when risk passes to the buyer, who loads and clears export, and how the term compares with FCA and FOB.
By Nourin Tabassum7 min read
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3 articles

Ex works in five minutes: what EXW means, when risk passes to the buyer, who loads and clears export, and how the term compares with FCA and FOB.

An EXW price covers only the goods at the factory. This guide breaks down what it includes and excludes, who pays for each step, and how the full cost builds up in a worked example.

EXW meaning explained under Incoterms 2020: what Ex Works covers, EXW price meaning, who pays which costs, risks for buyers and sellers, EXW vs FCA vs FOB, and a worked example.