Exports that are estimated on free on board (f.o.b.) basis signifies that
A)the transportation costs, costs of insurance etc. are not included
B)the transportation costs, costs of insurance etc. are included
C)both (a) and (b)
D)none of the above

Question

Quizplus · Accepted Answer

Exports estimated on a free on board (f.o.b.) basis mean that the price quoted excludes costs related to transportation, insurance, and other expenses beyond the point of loading onto the transport vessel.

Exports That Are Estimated on Free on Board (F