Question 17
Foreign Trade DocumentsWhich of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?
- A.LOCO
- B.F.O.R
- C.F.A.S
- D.C.I.F
- E.C.F
Show the answer and explanation
Answer: A (LOCO)
Explanation
A loco price covers the goods only at the seller's premises; the buyer pays all costs of moving them.