Question

The price quoted by the seller for the product​

Answer 1

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.

Answer 2

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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