Question: What does the Incoterm ' Ex Works' ( EXW ) imply for the importer? The importer is responsible for all transportation and risks from the

What does the Incoterm 'Ex Works' (EXW) imply for the importer?
The importer is responsible for all transportation and risks from the exporter's premises.
The exporter handles all logistics until the destination port.
The exporter is responsible for overseas shipping costs and risks.
The importer has no responsibilities until the goods reach their port.
What does the Incoterm 'Ex Works' (EXW) imply for the importer?

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