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FOB stands for Free on Board. It means that the buyer determines how the item is shipped and the seller must oblige and get it there. CIF stands for Cost, Insurance and Freight. This means the seller must arrange for transportation and provide papers to the buyer.

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Q: What is FOB or CIF diamond parcel?
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Related questions

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 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 are ENCO terms for export?

The ENCO terms are CIF and FOB


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

exw + FOB


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 difference between CIF and FOB incoterms?

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.


What's different CIF and FOB?

CIF is abbreviation for Cost Insurance Freight and refers to the pricing for an item, where if pricing is said to be CIF then included will be the cost of the item, the insurance for the item in transit and the freight costs. This also implies that the item will become the property of the buyer when it arrives at their premises. FOB abbreviation for Free on Board and refers to the pricing for an item, where if pricing is said to be FOB then it will be delivered on board to the buyer's vessel or vehicle at which point the buyer takes ownership and responsibility and insurance risk for the item.


What does CIF mean in shipping terms?

CIF means Cost Insurance and Freight, which means the seller pays to get the load to its destination. The alternate is FOB--Free On Board--which means the buyer pays the freight and insurance.


How to calculate the present market value for an export product while filing a shipping bill with customs under FOB CF and CIF terms of invoice?

PRODUCTS RATE X EXCHANGE RATE X 110%= PMV PMV=RATE*EXCHANGE RATE*110% Dhista Yogesh mundra.


Full form of CIF?

CIF Common Intermediate Format (352 pixels by 288 lines, 30 fps; 1.22:1) CIF Cost, Insurance & Freight (shipping) CIF Cadet Information File CIF California Interscholastic Federation CIF Caltech Intermediate Form CIF Canadian Institute of Forestry (Institut Forestière du Canada) CIF Candidate Item File CIF Capital Improvement Fee CIF Capital Improvement Fund CIF Cargo, Insurance and Freight CIF Cash In Fist CIF Catalog Interchange Format CIF Cells In Frames CIF Center for Individual Freedom CIF Central Index File CIF Central Intelligence File CIF Central Issue Facility CIF Centre des Impôts Foncier (French land tax) CIF Centro Italiano Femminile (Italian Center for Women) CIF Certified International Financier CIF CINC In-extremist Force CIF CINC Initiative Fund (DoD) CIF Clutter Improvement Factor (radar) CIF Código de Identificación Fiscal CIF Collaboratory Interoperability Framework CIF Common Image Format CIF Common Imagery Interoperable Facility CIF Common Interchange Format CIF Computer Is Frozen CIF Conseil Information Formation CIF Conseil International des Femmes CIF Consolidated Incineration Facility CIF Consolidated Incinerator Facility CIF Consolidated Issue Facility CIF Constraint Induced Fracture CIF Construction Industry Federation (Ireland) CIF Construction Innovation Forum CIF Controller Information File (military air traffic control) CIF Coordinated Instrumentation Facility CIF Core Interface Function (interface between SAP R/3 system and APO) CIF Corporate Information Factory CIF Corps Information Flow CIF Cost plus Incentive Fee (contract) CIF Cost, Insurance & Freight (logistics) CIF Council of International Fellowship CIF Critical Input File CIF Cumulative Incidence Function (reliability) CIF Cumulative Intensity Function CIF Customer Information File CIF Customer Install Feature CIF Caltech Intermediate Format CIF Chapter Information CIF Cost Insurance and Freight CIF Customer Installable Feature CIF Customization Input File