When an exporter quotes a CIF price, the price include the following except _______.
A) shipping costs from factory to the port of shipment
B) shipping costs from the shipment port to the destination port
C) insurance coverage for international shipping
D) import duties and fees

Question

Quizplus · Accepted Answer

CIF price includes shipping costs from factory to the port of shipment, shipping costs from the shipment port to the destination port, and insurance coverage for international shipping. However, import duties and fees are typically paid by the importer and are not included in the CIF price.

When an Exporter Quotes a CIF Price, the Price Include