Trade terms and abbreviations - SS3 Commerce Past Questions and Answers - page 1
1
What does FOB stand for in trade terms?
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A
Free on Board
B
Free Alongside Ship
C
Cost, Insurance, and Freight
2
Which trade term requires the buyer to make full payment at the time of placing the order?
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A
FOB
B
CWO
C
CIF
3
What does CIF stand for in trade terms?
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A
Cost, Insurance, and Freight
B
Cash on Delivery
C
Cash on Delivery
4
What is the responsibility of the seller in EXSHIP trade term?
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A
Delivering the goods to a designated railway station
B
Delivering the goods to the named port of destination
C
Delivering the goods to the buyer at the named port of destination
5
What does FAS represent in trade terms?
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A
Free on Board
B
Free Alongside Ship
C
Cash on Delivery
6
What is full the meaning of COD in trade terms?
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7
What are the responsibilities of the seller in CIF trade terms?
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