Prices quoted in ________ apply only at the point of origin,and the seller agrees to place the goods at the disposal of the buyer at the specified place on the date or within the fixed period.

Question

Quizplus · Accepted Answer

Ex-works refers to a trade term in which the seller agrees to make the goods available at their premises or factory, and the buyer is responsible for all transportation costs and risks. Prices quoted in ex-works apply only at the point of origin, which means that the buyer should arrange for the transportation of the goods from the seller's premises to the final destination. Therefore, ex-works is the best choice for the given scenario. The other options refer to different trade terms where the seller is responsible for the transportation of the goods to a specific place or port.

Prices Quoted in ________ Apply Only at the Point of Origin,and