Business Studies · Incoterms
Chad has entered into a contract to supply Das with particular goods on the basis of ICC Incoterms, specifically the FOB (Free On Board) term. In an FOB contract, what is the seller responsible for?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Arranging for an import licence if required
- 2Arranging for an export licence if required✓
- 3Arranging insurance after loading onto the carrier
- 4Shipping and ocean freight of the merchandise
Correct answer
Arranging for an export licence if required
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