„Ex Factory“
What does Ex Factory stand for?
This term is still widely used but it is being replaced by the Incoterm EXW – Ex Works. It is a sale term where the title to goods passes to the buyer when they leave the vendor’s dock and consequently at that point the liability for loss or damage and the expenses of shipment also pass from vendor to buyer.
Source:
Market and Trade AnalysisView all items“Handbook of International Trade Terms” by William M. Tift.
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