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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.

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14y ago

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What are cif and fob terms?

FOB and CIF are INCOTERMS or international commercials terms (terms of sale).


What is the difference between CIF and FOB?

cif will paid throw of shipper. fob will paid throw of buyer.


What is the difference between Ex Works - EXW and CIF?

exw + FOB


How to calculate FOB from CIF?

fob


What is cif and fob means?

- CIF is Cost, Insurance and Freight - FOB is Free on Board


What are some of the incoterms?

Exw, fob, ddu, ddp


What are ENCO terms for export?

The ENCO terms are CIF and FOB


What is the meaning of incoterm 2000?

Incoterms 2000 is an old set of Incoterms. Yo still can use these rules but be careful to mentio the version and exact place of delivery. Example: FOB Rotterdam seaport according to Incoterms 2000. When you study the books you see that there a differences between the 2000 and 2010 version.


What is th edifference between FOB and LDP?

whats the difference between fob and ldp


What does ucc mean in incoterm?

Some of the delivery terms in the USA have the same three-letter abbreviation as in the Incoterms Standards. These delivery terms are defined within the United States federal and are inconsistent with the Incoterms Standards.UCC stands for Uniform Commercial Code. Due to potential confusion with domestic North American usage of FOB, it is recommended that the use of Incoterms be explicitly specified, along with the edition of the standard. For example, "FOB New York (Incoterms 2010)".


Fob or cif letter of credit?

CIF Means :- cost ,insurance & freight charges beared by exporter & FOB means free on board exporter will beared the charges till shipment & after that he will be not responsible for any charges related to consighnment.


What is ZNa incoterm?

ZNA is not a recognized Incoterm in the standard Incoterms published by the International Chamber of Commerce (ICC). The official Incoterms, such as FOB, CIF, and DDP, define the responsibilities of buyers and sellers in international trade regarding delivery, risk, and costs. If ZNA is being used in a specific context, it may refer to a customized or informal agreement rather than an official Incoterm. Always refer to the latest ICC publications for accurate and standardized terms.