A more thorough explanation:

Definition: Ex works refers to a trade term that outlines the responsibilities of both the buyer and seller of goods in terms of delivery, payment, and risk of loss. When goods are sold ex works, the seller's delivery is considered complete, and the risk of loss is transferred to the buyer when the goods are made available at a location chosen by the seller, such as their factory, warehouse, or showroom. This means that the buyer is responsible for arranging transportation and loading the goods onto a vehicle.

Example 1: A company in China sells a shipment of electronics to a buyer in the United States on an ex works basis. The seller makes the goods available at their factory in China, and the buyer is responsible for arranging transportation and loading the goods onto a truck for shipment to the port.

Example 2: A furniture manufacturer in Italy sells a container of chairs to a buyer in Germany on an ex works basis. The seller makes the chairs available at their warehouse in Italy, and the buyer arranges for a truck to pick up the chairs and transport them to Germany.

These examples illustrate how the ex works trade term works in practice. In both cases, the seller is responsible for making the goods available at a specific location, but the buyer is responsible for arranging transportation and assuming the risk of loss once the goods are in their possession. This trade term is commonly used in international trade and can help to clarify the responsibilities of both parties in a transaction.