What Is a Mill Levy?

The ex works price is one of the price terms based on the place of delivery. When using the factory delivery price, the seller prepares the goods in accordance with the date and place stipulated in the contract or the place exclusively for the buyer to pick up the goods, and informs the buyer in writing to collect them, and assists the buyer in obtaining the items required for export, import or re-export. Documents. The seller shall bear all risks and expenses before the goods are received by the buyer. The buyer must receive the goods at the time and place specified in the contract, and bear all future risks and expenses, including all duties and taxes levied for export. After the buyer receives the goods, the ownership of the goods will be transferred, and the buyer shall pay the payment according to the contract. Under this price condition, the seller bears the least responsibility, cost and risk, so it is the best for the seller. The delivery place is far from the buyer, and the buyer arranges the pickup of the goods themselves. In addition, it is difficult to handle export visas, customs clearance and other procedures. Although the seller can be entrusted to handle all export procedures such as loading and transportation, the inland transportation costs and loading It is difficult to grasp the cost of shipping, and it is difficult to calculate the cost of imports. Therefore, this price condition is rarely used in international trade, and it is generally used more in domestic trade or trade between land bordering countries. ^[1]

Ex-factory price

Right!

The ex-factory price is one of the price terms based on the place of delivery. When using the factory delivery price, the seller prepares the goods in accordance with the date and place stipulated in the contract or the place exclusively for the buyer to pick up the goods, and informs the buyer in writing to collect them, and assists the buyer in obtaining the items required for export, import or re-export. Documents. The seller shall bear all risks and expenses before the goods are received by the buyer. The buyer must receive the goods at the time and place specified in the contract, and bear all future risks and expenses, including all duties and taxes levied for export. After the buyer receives the goods, the ownership of the goods will be transferred, and the buyer shall pay the payment according to the contract. Under this price condition, the seller bears the least responsibility, cost and risk, so it is the best for the seller. The delivery place is far from the buyer, and the buyer arranges the pickup of the goods themselves. In addition, it is difficult to handle export visas, customs clearance and other procedures. Although the seller can be entrusted to handle all export procedures such as loading and transportation, the inland transportation costs and loading It is difficult to grasp the cost of shipping, and it is difficult to calculate the cost of imports. Therefore, this price condition is rarely used in international trade, and it is generally used more in domestic trade or trade between land bordering countries. ^[1]

Chinese name

Ex-factory price

Foreign name

Ex factory price

standard

trading locations

Attributes

Price term one

Prepare the goods, notify the buyer in writing to collect them, and assist the buyer in obtaining all documents required for export, import or re-export. The seller shall bear all costs and risks before the goods are received by the buyer. The buyer must receive the goods at the time and place specified in the contract and bear all future costs and risks, including all duties and taxes levied for export. After the buyer receives the goods, the ownership of the goods will be transferred, and the buyer shall pay the payment according to the contract. With factory delivery price conditions, the seller has less responsibility, expense and risk. Applicable to domestic trade or trade between land bordering countries.