Write short note on the following:(a)Free on Rail (b) Frances(C) Free on quay(d)Cost and Freight.
Answers
Answer:
Free on Rail
Pricing term indicating that the seller will put the goods on a railroad car (called 'truck' in the US) at a named loading point without any extra charge. Also called free on truck.
Frances
Frances is a French and English given name of Latin origin.
In Latin the meaning of the name Frances is: From France or 'free one.' The male version of the name in English is Francis.
Free on quay
Free Alongside is one of several contractual terms that are used to describe how goods are required to be delivered by the seller to the buyer. Delivered Ex Ship (DES) stipulates that the seller will deliver the goods to a port, but does not specify a wharf.
Cost and Freight.
Cost and freight is a legal term used in contracts for international trade that specifies that the seller of the goods is required to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain the items from the carrier.
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