WAEC Commerce 2025 Objective — Question 31
Question 31 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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The price quoted when the exporter bears all expenses up to the port of departure is
- A. F.A.S
- B. F.I.S
- C. F.O.BCorrect
- D. LOCO
Explanation
Free on Board (F.O.B) means the seller (exporter) bears all risk and expenses until the goods are loaded on the ship.
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