When C.I.F is quoted on an invoice, it means that the price includes the
-
A.
cost of goods only -
B.
cost of insurance only -
C.
cost of carriage only -
D.
cost, insurance and carriage
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