____________ is a term of price in which the seller covers cost of the goods, insurance, and all transportation and miscellaneous charges to the named foreign port in the country of final destination.

Question

Quizplus · Accepted Answer

CIF (Cost, Insurance, and Freight) is a term of price in which the seller covers cost of the goods, insurance, and all transportation and miscellaneous charges to the named foreign port in the country of final destination. FOB and FAS are terms that require the buyer to pay for transportation and miscellaneous charges, while C&F (Cost and Freight) only includes the cost of goods and transportation to the named foreign port, leaving insurance and miscellaneous charges to be covered by the buyer.

____________ Is a Term of Price in Which the Seller