Which of the following does Incoterm stipulate that the exporter delivers the goods on board the vessel named by the buyer at the port of shipment?
A) FOB (free on board)
B) CFR (cost and freight)
C) CIF (cost, insurance, and freight)
D) DDP (delivered duty paid)

Question

Quizplus · Accepted Answer

FOB is the only Incoterm that stipulates that the exporter delivers the goods on board the vessel named by the buyer at the port of shipment. CFR and CIF require the exporter to arrange and pay for transportation to the port of destination, while DDP requires the exporter to deliver goods to the buyer's premises.

Which of the Following Does Incoterm Stipulate That the Exporter