Prices quoted ex-works (EXW) are when the seller agrees to place the goods at the disposal of the buyer at the specified place on the date or within the fixed period. At which point do these prices apply?
A) At the end of the contract
B) Only at the point of origin
C) Throughout the entire process
D) Before, during and after the process

Question

Quizplus · Accepted Answer

Prices quoted ex-works (EXW) only applies at the point of origin, which is the place specified by the seller. Any costs incurred after that point, such as transportation, customs duties, taxes, and insurance, are the responsibility of the buyer. The prices quoted ex-works do not apply throughout the entire process or after the goods have been delivered to the buyer.

Prices Quoted Ex-Works (EXW) Are When the Seller Agrees to Place