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WAEC Commerce 1994 Question 43

Question 43

Foreign Trade Documents

When the exporter arranges for the despatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is

  1. A.carriage forward
  2. B.franco
  3. C.Loco
  4. D.free on board
  5. E.free alongside ship
Show the answer and explanation

Answer: A (carriage forward)

Explanation

Carriage forward means the buyer pays the transport charges; carriage paid or franco means the seller pays.