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Exam L4M4 All Questions
Exam L4M4 All Questions

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CIPS Level 4 Diploma in Procurement and Supply L4M4 Question # 88 Topic 9 Discussion

L4M4 Exam Topic 9 Question 88 Discussion:
Question #: 88
Topic #: 9

Incoterms are designed to be understood and interpreted on a worldwide basis. What is the interpretation for FOB (Free on Board)?


A.

The buyer takes responsibility for the goods after they are loaded on the ship, plus all subsequent costs, including freight charges


B.

The buyer takes responsibility for the goods after they are loaded on the ship, plus subsequent costs, excluding freight charges


C.

The buyer takes responsibility for taking the goods from the departure quayside to the ship, plus all subsequent costs


D.

The buyer takes responsibility for transferring the goods from the seller's premises to the ship, plus all subsequent costs


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