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WAEC Commerce 1993 Question 63

Question 63

Foreign Trade Documents

Which of the following terms of price quotation includes cost of transportation to the buyer's premises?

  1. A.FOB
  2. B.C & F
  3. C.FOR
  4. D.FAS
  5. E.Exship
Show the answer and explanation

Answer: B (C & F)

Explanation

C & F (cost and freight) includes the freight charge to the buyer's port, while FOB, FOR and FAS cover carriage only as far as the ship, the railway or the quayside.