WAEC Commerce 2024 Objective — Question 19
Question 19 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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19. A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is A.
- A. FAS.
- B. FOB.Correct
- C. Franco.
- D. CIF.
Explanation
FOB means Free on Board i.e. the goods becomes the liability of the buyer when loaded. The seller collects charges up to loading.
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