Question 71
Foreign Trade DocumentsWhich of the following price quotations contains the cost price, insurance charges and the cost of transporting the goods?
- A.F.O.R
- B.C. & F
- C.F.A.S.
- D.F.O.B
- E.C.I.F
Show the answer and explanation
Answer: E (C.I.F)
Explanation
C.I.F. stands for cost, insurance and freight.