C % F as a price quotation in foreign trade means that the buyer
Answer Details
The term C % F as a price quotation in foreign trade means that the buyer is responsible for paying for cost and freight. Cost refers to the cost of the goods, while freight refers to the cost of transporting the goods from the seller's location to the buyer's location. The seller is responsible for arranging and paying for the transportation of the goods to the port of shipment, while the buyer is responsible for arranging and paying for the transportation of the goods from the port of arrival to the final destination. Therefore, C % F indicates that the seller is responsible for the cost of the goods and the cost of transporting them to the port of shipment, while the buyer is responsible for the cost of transporting the goods from the port of arrival to the final destination. The buyer is not responsible for clearing and forwarding the goods or paying for insurance in this case.