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1331
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?
  • A. LOCO
  • B. F.O. R
  • C. F.A.S
  • D. C.I.F
  • E. C.F
View Answer & Discuss WAEC 1995
1332
A trade in which many countries exchange goods and services is called?
  • A. bilateral trade
  • B. entrepot trade
  • C. economic union
  • D. multilateral trade
  • E. counter trade
View Answer & Discuss WAEC 1995
1333
Which of the following is used to ascertain the correct value of imports for purposes of assessing customs duty’
  • A. Certificate of origin
  • B. Open-indent
  • C. Bill of Lading
  • D. Ships manifest
  • E. Bill of entry
View Answer & Discuss WAEC 1995
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1334
The best method of making payment to an overseas supplier is by/
  • A. bankdraft
  • B. bill of exchange
  • C. travellers cheque
  • D. letter of credit
  • E. certified cheque
View Answer & Discuss WAEC 1995
1335
Are fund usually granted for goods imported and later re-exported is called?
  • A. commission
  • B. discount
  • C. customs drawback
  • D. dock due
  • E. demurrage
View Answer & Discuss WAEC 1995
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