Search SchoolNGR

Saturday, 11 April 2026
Register . Login

When C.I.F is quoted on an invoice, it means that the price includes the

When C.I.F is quoted on an invoice, it means that the price includes the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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

Share question on: