The price quoted which includes the cost of insurance, fr...
The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?
Free Alongside Ship
Franco
Free On Board
Free On Rail
Correct answer is C
Free On Board, in short FOB, is a term frequently used in shipping terms where the seller quotes a price including the cost of delivering goods to the nearest port. In simple terms, FOB price means the buyer has to bear the shipping costs completely.
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