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WAEC Commerce 2024 Question 19

Question 19

Foreign Trade Documents

A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is

  1. A.FAS.
  2. B.FOR.
  3. C.Franco.
  4. D.CIF.
Show the answer and explanation

Answer: A (FAS.)

Explanation

FAS (free alongside ship) covers costs up to placing goods beside the ship; loading costs are extra.