EXPLAINED INCOTERMS EX WORKS (EXW) FOR IMPORT EXPORT BUSINESS

Today, I’d like to talk to you about Ex Works. INCOTERMS has eleven kinds of trade rules, and Ex Works is one of them which is the least burdensome and least risky condition for the seller. Why? Have a look at the video, and find out! 😉

My video is divided into eight sections.

To begin with the costs of responsibilities in Incoterms. Following that, I will give you a definition of Incoterm Ex Works. Next, I am going to explain the Ex Works term. Then I will show you the conditions of Ex Works from the sellers’ and buyers’ points of view, and I will talk about the advantages and disadvantages for both parties. And finally, I will give my advice to you.

By the end of the video, you will know Ex Works well and understand how Ex Works works.

This video is the second part of the Incoterms 2020 series, I will share the Incoterms rules one by one in other videos of this series. You can watch the first video here: https://www.youtube.com/watch?v=RALHHwaOZqA

The buyer and seller must agree to Incoterms and display them correctly on sales contracts and documentation.

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0:00​​​ – Introduction - What is EXW?
01:48 – Costs of Responsibilities in Incoterms
02:40​​​ – A Definition Of Incoterm Ex Works
03:16​​​ – Explanation Of The Ex Works Term
04:41​​​ – Ex Works From The Seller's Point of View
05:34​​​ – Advantages of Ex Works For Exporters
06:13​​​ – Disadvantages of Ex Works For Exporters
07:16​​ – Ex Works From The Buyer's Point of View
07:38 – Advantages of Ex Works For Importers
08:08​​​ – Disadvantages of Ex Works For Importers
08:45​​​ – Advice From Murat Ozturker
09:43 – Outro

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Видео EXPLAINED INCOTERMS EX WORKS (EXW) FOR IMPORT EXPORT BUSINESS канала Murat OZTURKER