An Incoterm meaning ‘ex works’ (named place of delivery). The seller makes the goods available on the loading bay of their facility for collection by the buyer. The buyer pays all the transportation costs and also bears the risks for bringing the goods to their final destination. See also Incoterms.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.