Explain the following terms as used in international trade.
a)LOCO
b)F.O.R
c)F.A.S
d)Bill of lading

Answer:

a)LOCO-Price of goods wherever they are laying(transport, packing expenses met by importer)
b)F.O.R-Price paid cover transport and loading for rail
c)F.A.S-(Free alongside Ship)price paid is for transport upto alongside ship
d)Bill of landing-Documents that show particulars of goods to be shipped by a consignor to the consignee. It includes price of consignment. It is a document of title.

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a)LOCO
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d)Bill of lading