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Corporate & Other Laws

Highlighted point doubt , Kindly explain me in detailed with abbreviations

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Sai Akash rockster

Sai Akash rockster

CA Inter

5

03-Apr-24 15:03

65

Answers (1)

Cost, insurance and freight- CIF Freight on bord - FOB, FAS- Free along side FOB and CIF terms are used in international trade in relation to shipping when goods enter the national borders. These terms are used to decide when the goods become the buyer’s property from the seller’s property and who is liable for costs and risks associated with goods in transit. FOB is free on board, also known as freight on board.


Yogesh Konduri NS

Yogesh Konduri NS

Faculty

06-Apr-24 09:44

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