WAEC Commerce 2013 Question 49

Question 49

Foreign Trade Documents

Which of the following price quotations requires the buyer to take delivery at the manufacturer's warehouse?

  1. A.Ex-works
  2. B.F. O. R.
  3. C.F. O. B.
  4. D.F. A. S.
Show the answer and explanation

Answer: A (Ex-works)

Explanation

An ex-works price covers the goods only at the seller's works; the buyer collects them there.