IF THE PRICE IS QUOTED FOB SINGAPORE, THEN THE SELLER IS NOT OBLIG...

31. If the price is quoted FOB Singapore, then the seller is not obliged to pay

insurance and freight. Right or wrong?

A. Completely right

B. Wrong

C. Partly right, as the seller is not obliged to pay only the insurance and

freight necessary to put the goods on board of the designated vessel by the

buyer.

D. Completely wrong, because the buyer is obliged to pay insurance and freight

on his own account if term of trade is FOB.