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https://www.investopedia.com/ask/answers/020215/what-difference-between-cif-and-fob.asp
Feb 27, 2020 · Cost, Insurance, and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a seller. They are among the most common of the 12 international commerce terms (Incoterms) established by the International Chamber of Commerce (ICC) in 1936.
https://transferwise.com/us/blog/fob-vs-cif-difference
FOB and CIF both describe overseas shipping agreements that specify whether the buyer or the seller is responsible for the goods while they are in transit¹. Defining FOB (Free On Board) FOB, or “Free On Board,” describes an agreement in which the seller is responsible for the goods until they arrive at the seller’s nearest port and are sent, or “past the ship’s rail.”
https://www.easyship.com/blog/fob-vs-cif
FOB means “Free On Board” or "“Freight on Board”. What the seller is responsible for: Getting the product on the ship and clearing it for export. What the buyer is responsible for: Insuring the shipment and handling the importation process, including paying for any import duties.
https://accountlearning.com/fob-vs-cif-difference-between-fob-and-cif/
He informs the seller about the name of the ship, loading, berth etc. In CIF, the seller books shipping space on board acquired for the transportation of the goods. Risks: In FOB, the buyer bears all the risks of loss or damage to the goods from the time the goods have been placed on the board. In CIF, the seller is liable to meet all costs and risks of loss from the time the goods are placed on the board till they …
https://www.shiplilly.com/blog/advantages-shipping-fob-over-cif/
May 17, 2016 · FOB not only provides greater control over the shipping process than CIF does; it also gives better control over the related shipping costs and, in turn, the overall cost of the goods. For the majority of buyers, it is the sensible option.
https://www.morethanshipping.com/should-i-buy-cif-or-fob/
Nov 14, 2011 · FOB – FREE ON BOARD (named port of shipment): The seller must themselves load the goods on board the ship nominated by the buyer, cost and risk being divided at ship’s rail. The seller must clear the goods for export. Maritime transport only …
https://www.differencebetween.com/difference-between-fob-and-vs-cif/
Aug 07, 2011 · What is the difference between FOB and CIF? Talking of differences, once goods have been loaded on to the vessel, they become a risk of the buyer in case of FOB. However, in case of CIF, seller not only brings goods to the port of destination, he also has to procure and pay for insurance against buyer’s risk of loss or damage to the goods during transit.
https://andrewminalto.com/cnf-cif-fob-explained/
FOB – Free on Board (or Freight on Board) The most popular term used on sites like Alibaba.com is FOB. This is basically the DEFAULT pricing used when dealing with suppliers in China. FOB pricing means that it covers: Product cost; Local exporting fees/customs; Delivery of …
https://www.linkedin.com/pulse/cnf-cif-fob-explained-shane-zhang
Apr 25, 2016 · FOB – Free on Board (or Freight on Board). This basically means that the cost of delivering the goods to the nearest port is included but YOU, as …
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