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Meaning of Ex-Factory Price

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2011 Dear Experts,

i want to know that:
1. what is ex-factory price?
2. whether packing & forwarding is included in ex-factory price or not?

Thanks in advance
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
25 May 2011 ex factory price refer , a Seller owns goods until they are picked up at his factory; selling price is the cost of the goods.

this means the price at the factory, and does not include any other charges, such as delivery or subsequent taxes.
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