how does insurance work with ex works terms 
under ex works terms the responsibility for insurance falls entirely on the buyer since the risk transfers to the buyer as soon as the goods are made available at the seller s premises the buyer must arrange insurance coverage from this point onward who arranges customs documentation in ex works in ex works terms the buyer is responsible for arranging all customs documentation both for export and import this includes obtaining any necessary export licenses or permits from the seller s country as well as managing import documentation in the destination country the bottom lineex works is an international trading agreement that spells out the responsibilities of the buyer and seller under an exw agreement the buyer accepts all responsibilities and costs of picking up and transporting goods to their desired destination under specific circumstances an exw agreement is less expensive than the fob alternative but the buyer must be prepared for and know the costs of transporting goods to the place they want them the best instances for using an exw are when the seller cannot export goods or when the buyer intends to consolidate purchases to reduce costs 