12. 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 obliged to pay only the freight and insurance necessary
to put the goods on board of the designated vessel by the buyer.
D. Completely wrong because the buyer is obliged to pay for insurance and freight on
his own account if term of trade is FOB
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