The Incoterm for the situation where the seller pays the costs of freight and insurance to bring goods to the destination port and the risk passes to the buyer once the goods are loaded aboard the ship,is
A) CFR.
B) DAT.
C) CIF.
D) FOB.
E) FAS.

Question

Quizplus · Accepted Answer

The Incoterm for the situation where the seller pays the costs of freight and insurance to bring goods to the destination port and the risk passes to the buyer once the goods are loaded aboard the ship, is CIF, or "cost, insurance and freight."

The Incoterm for the Situation Where the Seller Pays the Costs