Question 40
Foreign Trade DocumentsWhich of the following implies that the price quoted includes the cost of insurance and carriage?
- A.F.O.B
- B.F.A.S
- C.C.O.D
- D.C.I.F
Show the answer and explanation
Answer: D (C.I.F)
Explanation
C.I.F means cost, insurance and freight are all included.