28 July 2010
F.A.S – Full form is Free Alongside. It is the cost at which the export goods are delivered alongside the ship, ready for shipment. It includes ex factory+local freight+ local taxes.
F.O.B. – Full form is Free on Board. FOB means the stage at which the goods are placed on board the conveyance carrying the vessel. It can be said to include FAS+loading charges+export duty cess.
C.I.F – Full form is Cost Insurance Freight. It is the cost at which goods are delivered at the Indian port It include FOB +INSURANCE +FREIGHT.
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