A Nota on Import and Export Statistics

International Bulletin Vol. 1, No. 26, 24 June 1962 · p. 4 of the scan · 73 words

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Readers may wonder why in such figures given in the last issue on Sterling area import, and exports there is such a discrepancy in the figures, This is because exports are generdly given as F.0.B. (Free on Board) and imports are generally given as C.I.P. (Cost, Insurance and Freight) Tlence imports have extra charges, however, as these are roughly proportional to the velue of the goods the figures can be used for comparisone