ex works
ex works. From the factory. • This trade term defines the obligations of a buyer and a seller of goods with respect to delivery, payment, and risk of loss. The seller’s delivery is complete (and the risk of loss passes to the buyer) when the goods are made available to the buyer at a location of the seller’s choice without requiring a collecting vehicle to be loaded, as at the seller’s showroom, factory, or warehouse. — Abbr. EXW.
