In an EXW transaction the exporter and importer are required to agree on a mutually acceptable time/date for delivery. At which point does responsibility pass from exporter to importer?
A) Once the shipment is at the destination
B) At the point of origin.
C) Once the shipment is in international waters
D) As soon as import clearance is complete

Question

Quizplus · Accepted Answer

In an EXW transaction, the responsibility passes from exporter to importer at the point of origin, which means when the goods are made available at the exporter's premises. Therefore, the exporter is only responsible for making the goods available for collection by the importer, and the importer is responsible for all transportation, insurance, and customs clearance from that point onwards.

In an EXW Transaction the Exporter and Importer Are Required