WebSep 6, 2024 · FOB, CIF, and EXW are, theoretically speaking, viable options for your import from China. Each involves a different amount of risk, responsibility, cost, and security. My recommendation: Go for the safest Incoterm that offers you the most control over the ocean freight shipment. Remember: Whoever controls the freight controls the price. WebSep 12, 2024 · The International Chamber of Commerce (ICC) created a set of different terms, known as Incoterms. CIF, C&F, and FOB are among the Incoterms Rules for Sea and Inland Waterway. Each of these represents a specific agreement between the buyer and the seller, which divides the costs and responsibilities between them. CIF
CIF - Cost insurance and Freight. Incoterms explained.
WebMay 24, 2024 · Hello, I Really need some help. Posted about my SAB listing a few weeks ago about not showing up in search only when you entered the exact name. I pretty … WebSep 26, 2024 · FOB、CFR买方负责运输;CIF卖方负责运输。. 3. 签订运输合同及支付运费方不 同。. FOB由买方签订运输 合同及支付运费; CFR、CIF由卖方签订运输合同及支 … east light kpop
Difference b/w FOB and CIF in Apparel Industry
WebMay 3, 2024 · CIF contract: FOB contract: 1. Cash, Insurance and Freight contract is the abbreviation for CIF contract. Free on Board contract is the abbreviation for FOB contract. 2. Under this contract, the seller will bear all transportation expenses and hazards until delivery, at which point the buyer will accept responsibility. WebWith CIF, responsibility moves to the buyer once the goods reach the point of destination. Simply put, on the whole it’s recommended that buyers use FOB, and sellers use CIF. FOB provides greater control and saves … Web8 rows · Oct 14, 2024 · Contrarily, in FOB contracts the buyer gets ownership as and when the goods are loaded on the ship ... eastlight slimline box files