Imports that are estimated on carriage, insurance and freight (c.i.f.) basis signifies that

the transportation costs, costs of insurance and freight get excluded.

the transportation costs, costs of insurance and freight get included.

Imports that are estimated on carriage, insurance and freight (c.i.f.)

1.	Imports that are estimated on carriage, insurance and freight (c.i.f.) basis signifies that
A.	the transportation costs, costs of insurance and freight get included.
B.	the transportation costs, costs of insurance and freight get excluded.
C.	Both (a) and (b
D.	None of the above
Answer» B. the transportation costs, costs of insurance and freight get excluded.