Ex-Works is a short way to say:
A) cash in advance.
B) an open account.
C) consignment.
D) letters of credit.
E) shipment transferred to seller at factory.

Question

Quizplus · Accepted Answer

Ex-Works refers to a trade term in which the seller is responsible for making the goods available at their factory or warehouse. Once the goods are made available, the buyer takes full responsibility for all transport, customs clearance, and other related costs and risks. It does not include any shipping costs, insurance, or other related expenses. Therefore, the correct choice is E, which states that it is shipment transferred to the seller at the factory.

Ex-Works Is a Short Way to Say