Give full form of FOB and CIF and define prospectus
Dear student,
CIF stands for Cost Insurance Freight , it refers to cost involved in transporting the goods to the port of destination plus the insurance charges.
FOB stands for Free on Board. It indicates which of the parties, the seller or the buyer would be responsible or liable in case the goods are damaged during shipment
A prospectus refers to an advertisement or invitation from a company to the general public to subscribe to or purchase the shares or debentures issued by the company.It is a document that contains various necessary information required by an investor for taking the investment decision.
CIF stands for Cost Insurance Freight , it refers to cost involved in transporting the goods to the port of destination plus the insurance charges.
FOB stands for Free on Board. It indicates which of the parties, the seller or the buyer would be responsible or liable in case the goods are damaged during shipment
A prospectus refers to an advertisement or invitation from a company to the general public to subscribe to or purchase the shares or debentures issued by the company.It is a document that contains various necessary information required by an investor for taking the investment decision.