GCE Commerce 2025 Objective — Question 31
Question 31 of 50 from the General Certificate of Education (GCE) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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The price quoted when the exporter bears all the expenses up to the port of departure is
- A. F.A.S
- B. FIS
- C. FO.BCorrect
- D. LOCO
Explanation
F.O.B (Free on Board) means the exporter's price covers all expenses up until the goods are loaded onto the vessel at the port of departure.
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