Ex-Works (EXW)
An Incoterm that places maximum responsibility on the buyer.
Definition
An Incoterm that places maximum responsibility on the buyer. Under EXW terms the seller makes the goods available at their premises and the buyer is responsible for all transportation costs customs clearance and delivery arrangements.
Related Terms
EDI (Electronic Data Interchange)
A standardized electronic communication system that allows businesses to exchange documents like invoices purchase orders and shipping details directly between computer systems.
Electronic Export Information (EEI)
A mandatory electronic filing system for exporters shipping goods valued at $2500 or more from the United States.
Electronic Manifest System (EMS)
A digital platform that allows carriers to electronically submit cargo information to customs authorities before shipment arrival.
Endorsement
A written authorization on a document (e.g. Bill of Lading) that transfers ownership or legal rights for a shipment to another party.
Entry Summary
A formal customs document filed by importers to declare shipment details including cargo description value origin and tariff classification.
EORI Number (Economic Operators Registration and Identification)
A unique identification number required for businesses importing or exporting goods within the European Union (EU).
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