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cif will paid throw of shipper.
fob will paid throw of buyer.
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∙ 12y ago
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What is cif and fob means?
- CIF is Cost, Insurance and Freight - FOB is Free on Board
What is difference between Fob Cif and cfr?
In the United States FOB is used for domestic shipping and CFR for international shipping. FOB means Freight on Board or Free on Board or the shipper loads the truck or train car. The buyer is responsible for shipping fees. In the United States, the trucking line or Rail Road Company is responsible for the cost if the merchandise is destroyed in an accident. CFR means the shipper pays the expenses of getting the shipment onto the boat or airplane. Shipping fees are the responsibility of the buyer. Insuring the merchandise incase of shipwreck or piracy is also the responsibility of the purchaser. CIF means the seller pays for the expenses of getting the freight loaded, the insurance, and the freight.
What is the difference between CIF and CIP?
CIF and CIP are very similar but not identical. For the seller, CIF means to leave the merchandise within the depot of the ship, which is tied up in the destination port. This is the only possible situation because CIF Incoterms are only for maritime use. However, CIP Incoterms have much more flexibility since, besides for being usable with any type of transport mode and combination thereof, you may agree upon any point of your destination country for delivery. Also, in CIF Incoterms the seller pays until the ship is tied up in the destination port, and with CIP the seller pays until the destination point whether it is an airport, a train terminal, a port, your client's home, a transporter..
What is the difference between ex-works and FOB?
Exworks: The seller is responsible for the goods till the factory outlet and after outlet, the buyer is responsible for goods, customs till the buyer's door. FOB(Free on Board): The seller is responsible for the goods till the port of departure where customs will be be looked after by seller and after departure from the seller's port, the buyer is responsible for the goods till the buyer's door.
Full form of FOB?
FOB :- Free on Board
What is the difference between Ex Works - EXW and CIF?
exw + FOB
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.
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 are ENCO terms for export?
The ENCO terms are CIF and FOB
What is th edifference between FOB and LDP?
whats the difference between fob and ldp
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 FOB or CIF diamond parcel?
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.
Difference between FOB and C and F?
The Difference b/w FOB and C&F is FOB + Insurance + Freight = C&F I.e Insurance and freight in both the valuation.
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.
Where lies the difference between the CIF and DES incoterms?
Self-answered : CIF implies the risk to be transfered to the buyer as soon as the goods are on board, while the DES pushes this responsibility transfert to the destination port.
