Now, he quote me in Ringgit for product 111. He said the price is EXW ex works price. Then he quotes me the freight charges from USA to Kuching.
Now, I need your opinion. What is EXW price?
- Is this the price of the item when it's in Malaysia? or
- Is this the price of item when it's still in USA.
Google shows this:
QUOTE
Ex Works (EXW) is an international trade term that describes an agreement in which the seller is required to make goods ready for pickup at his or her own place of business. All other transportation costs and risks are assumed by the buyer.
This sounds like the price of the item when it's in company AAA store in Malaysia. But it can mean otherwise, hence need /k expertise.