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Incoterm EXW: 1 . Means the buyer is responsible for all costs and risks. 2 . Stands for extra work. 3 . Requires the seller

Incoterm EXW:
1.Means the buyer is responsible for all costs and risks.
2.Stands for "extra work.
3.Requires the seller to buy insurance for the buyer.
4.Is only used with charter shipments.
5.Requires purchase price to be quoted in the buyer's currency.

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