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Subjects>Food & Drink>Food & Drink Information

What is difference between CIF and FOB incoterms?

Anonymous

∙ 14y ago

Updated: 9/28/2023

The key difference is that the main costs of carriage are paid for by buyer in a FOB contract, so he will take care of the vessel shipment. Under a CIF arrangement, the seller take this responsibility will deliver the contracted commodity at buyers destined location.

Wiki User

∙ 14y ago

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