If you feel that the world of Fair Trade has its very own language – do not worry! With this glossary we would like to guide you through the specific technical terms used by FLOCERT, Fairtrade International and the World Fair Trade Organization (WFTO).
Ex works (EXW)
The term ex works means that the seller delivers their part of the contract when the goods are placed at the disposal of the buyer, either at the seller’s premises or another named place (works, factory, warehouse, etc). Goods are not cleared for export and are not loaded onto any collecting vehicle.