ex-factory definition
ex-factory means ex-works as such term is defined by the Incoterms 2000;
ex-factory shall have the following meaning: the plant price. In this section the term "sales" shall have the following meaning: proceeds received by the Company from sales of the Program Products and/or products containing the Program Products, less returns, credits and discounts.
ex-factory means the prices prevailing at the factory gate. When a seller quotes to a buyer “ex-factory price’, it means that the freight and transit insurance costs are to the buyer’s account. In other words, the seller will charge the costs of freight and insurance to the buyer. The more distant customers’ landed costs are higher because of freight cost.
More Definitions of ex-factory
ex-factory. , means the selling price excluding value added tax and discounts;
ex-factory. ’ a trade term which means the seller fulfills its obligations to deliver when the seller make the goods available to the buyer at a specified place