It is 0.7 litres. Typically, wine bottles are 0.7 or 0.75 litres.
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700cc is 23.67 fluid ounces.
8 onces
A flagon is a quart (2 pints)
Volume is how much cubic units could hold, and capacity is how much an object can hold a liquid.
cc or cubic centimetres is a measurement of capacity 1cc = 1millilitre(ml) which is a liquid measurement. Therefore 125cc = 125ml of liquid oil