When C.I.F is quoted on an invoice, it means that the price includes the

Commerce

WAEC 2011

A. cost of goods only
B. cost of insurance only
C. cost of carriage only
D. cost, insurance and carriage

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Correct Answer: Option D

Explanation

CIF means Cost, Insurance, and Freight. That is ,the seller is obligated but not restricted to : Taking care of export customs clearance formalities at origin

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When C.I.F is quoted on an invoice, it means that the price includes the

Correct Answer: Option D

Explanation

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