What is Ex Works in SAP SLL - Global Trade Services?

SAP Term: Ex Works

• Component: SLL

• Component Name: Global Trade Services

• Description: A declaration that the seller has fulfilled the obligation to deliver after making the goods available at the seller's premises to the buyer. The seller is not responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed. The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination. In most parts of the world, Ex Works means that the shipper loads the vehicle.

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• Key Concepts: 
  Ex Works is a term used in international trade that indicates that the seller is responsible for delivering goods to a designated location, such as a warehouse or factory. The buyer is then responsible for arranging and paying for transportation from that point. This term is often used in conjunction with SLL Global Trade Services, which provides a range of services to help companies manage their international trade operations. 
  
  How to Use It: 
  When using Ex Works, the seller is responsible for delivering the goods to the designated location. The buyer is then responsible for arranging and paying for transportation from that point. This term can be used in conjunction with SLL Global Trade Services, which provides a range of services to help companies manage their international trade operations. 
  
  Tips & Tricks: 
  When using Ex Works, it is important to ensure that all parties involved are aware of their responsibilities and obligations. Additionally, it is important to ensure that all necessary paperwork and documentation is in order before the goods are shipped. 
  
  Related Information: 
  SLL Global Trade Services provides a range of services to help companies manage their international trade operations, including customs clearance, freight forwarding, and more. Additionally, there are other terms used in international trade such as FOB (Free On Board) and CIF (Cost Insurance Freight).