what does ex works mean in incoterms 
ex works is a term used in shipping arrangements where the seller is only required to deliver goods at a predetermined location and the buyer bears responsibility for shipping costs along with these costs the buyer assumes responsibility for the related risks of the goods which may include anything from customs regulations to loading and transferring to other ships ex works falls under the incoterms international commercial terms a standard framework of 11 terms designed to clarify various trade contracts 1