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What does ex-factory means?


What does ex-factory means?

3 example meaning of ex factory

ex factory is in the Banking, Commerce & Finance, International Trade & Relations and Purchasing & Procurement subjects.
ex factory appears in the definitions of the following terms: ex and ex mill

Ex Factory -- 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.

EX-FACTORY - Seller owns goods until they are picked up at his factory; selling price is the cost of the goods.

not sure. but I think it is somekind of building that used to be an factory, making it an "ex-factory"

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