Jurisdiction(s):
United Kingdom

Key definition

Incoterms definition

What does Incoterms mean? In legal practice, Incoterms are standard three‑letter trade terms published by the International Chamber of Commerce that allocate delivery obligations, transfer of risk, carriage, insurance and customs formalities in sale of goods contracts. They are not legislation and have no effect unless expressly incorporated; when incorporated (for example, “FCA London Incoterms 2020”), they form part of the contract and are interpreted by reference to the ICC rules. Used primarily in international trade and also domestically, Incoterms clarify who arranges and pays for transport, who clears goods for export and import, the delivery point, and what shipping documents must be provided. They...

EXW (Ex Works) under Incoterms 2020: Delivery Point, Risk Allocation, Loading and Export Clearance — Buyer Cautions and Seller/Buyer Obligations

Published by a LexisNexis Commercial expert

Practice notes

This Practice Note sets out the guidance for the EXW Ex works Incoterm under the Incoterms® 2020 Rules, reproduced with permission from ICC Publishing SA.

You can obtain the Incoterms® 2020 rules and further ICC titles from ICC Publishing SA, 38 Cours Albert 1er, 75008 Paris, France, and from ICC United Kingdom, 12 Grosvenor Place, London, SW1X 7HH, UK, as well as www.iccbooks.com.

The Incoterms® 2020 rules took effect on 1 January 2020, revising the Incoterms® 2010 rules to mirror market developments over the preceding decade.

For the EXW term applicable up to that date, consult Practice Note: Incoterms® 2010 Rules—EXW Ex works [Archived].

EXW (insert named place of Delivery) Incoterms® 2020 Explanatory notes for users 1. Delivery and risk

‘Ex Works’ signifies that the seller delivers the goods to the buyer

when it makes the goods available to the buyer at a specified place (such as a factory or warehouse), and
that place may or may not be the seller’s premises.

For delivery to take place, the seller is not obliged to load the goods onto any collecting vehicle, nor to arrange export clearance, where such clearance applies. Loading or export clearance is therefore outside the seller’s obligations. 2...

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Web page updated on 22/05/2026

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