Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference among FOB and CIF and CFR?

CFR CIF fob
0
Posted

What is the difference among FOB and CIF and CFR?

0

FOB and CIF are the most two popular price terms of INCO TERMS, defined by ICC to harmonize the possible dispute of arising form the international trade practice. FOB (Free On Board): Term of sale under which the price invoiced or quoted by a seller includes all charges up to placing the goods on board a ship at the port of departure specified by the buyer. Also called collect freight, freight collect, or freight forward.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.