Where is this code located so i can change the wording?

“FREE worldwide shipping!” (in orange) - just below the price tag - I tried customizing the store product page but it’s not there and also Control z the Code.. no luck. This is the Dawn free theme

You can find the color schemes in theme settings in the customizer.

oh i mean the wording “free worldwide shipping” I want to change it

It depends on what theme you’re using and how the settings are but then check the Locales folder and then open a file named en.default.json or en.json and then press Ctrl + F(windows) or Command + F(Mac) then search “free worldwide shipping” and see if anything comes up.

If using shipping app to manage free shipping check that app.

Check the language editor https://help.shopify.com/en/manual/online-store/themes/customizing-themes/language/change-wording

Otherwise double check theme settings for that template for text-blocks or other blocks that may be inserting.