The price quoted by the seller for the product
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Explanation:
quotation describes the product, states a price for it, sets the time of shipment, and specifies the terms of sale and of payment. A pro forma invoice, which is a quotation prepared in the format of an invoice, is the preferred method in the exporting business.
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Explanation:
FAS, or free alongside ship, refers to the seller's price quote for the goods, including the charge for delivery of the goods alongside a vessel at the named port of export. The seller handles the cost of wharfage, while the buyer is accountable for the costs of loading, ocean transportation, and insurance.
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