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FOB (Free On Board), CFR (Cost and Freight), and CIF (Cost, Insurance, and Freight) are International Shipping terms that define the responsibilities of buyers and sellers. Under FOB, the seller's responsibility ends once the goods are loaded onto the vessel, while the buyer assumes risk and costs from that point onward. In contrast, CFR includes the cost of freight, meaning the seller covers transportation to the destination port, but insurance is not included. CIF adds insurance to the mix, requiring the seller to provide coverage for the goods during transit, thus offering more protection to the buyer.
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What is mazut price today?
=>USD$250/mt CIF Gross
What is the difference between Ex Works - EXW and CIF?
exw + FOB
What is Platts price for cif nwe basis ara for gasoline 10 ppm today?
D2
What is today's platts price for d2 on cif rotterdam basis?
platt price on d2 today?
What are the differences among FOB CFR and CIF?
FOB (Free on Board), CFR (Cost and Freight), and CIF (Cost, Insurance, and Freight) are Incoterms that define the responsibilities of buyers and sellers in international shipping. In FOB, the seller's responsibility ends once the goods are loaded onto the vessel, while the buyer assumes risk and costs thereafter. CFR includes the cost of shipping to the destination port, but the buyer must handle insurance. CIF further adds insurance coverage for the goods during transit, making the seller responsible for both shipping and insurance costs until the goods reach the destination port.
What are the similarity among FOBCFR and cif?
FOBCFR (Free on Board Cost and Freight) and CIF (Cost, Insurance, and Freight) are both Incoterms used in international trade that define the responsibilities of buyers and sellers regarding the transportation of goods. Both terms specify that the seller must pay for the transportation of goods to a specified port, but while CIF includes insurance coverage for the goods during transit, FOBCFR does not. Additionally, both terms place the risk on the buyer once the goods are loaded onto the shipping vessel, though the specifics of cost and insurance differ. Ultimately, both terms aim to clarify the obligations and liabilities of parties involved in shipping transactions.
What are cif and fob terms?
FOB and CIF are INCOTERMS or international commercials terms (terms of sale).
When is payment due under cif shipment terms?
CIF stands for cost, insurance, and freight. Under CIF shipping terms, payment for products are paid upon delivery of goods.
What are ENCO terms for export?
The ENCO terms are CIF and FOB
What is CIF in terms of resolution?
CIF = 352x288 QCIF = 176X220 QVGA = 320x240 VGA = 640x480
What does CRF mean in shipping terms?
CIF
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.
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
How do you compare ratios-?
To compare ratios, compare the products of the outer terms by the inner terms.
What does CIF and CNF mean in shipping terms?
CIF m mean is: the seller pay the Cost, insurance and freight to distance port. CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
What is CIF number?
CIF stands for Customer Identification Number.
How do the paintings compare in terms of their subject matter?
how do the paintings compare in terms of their subject matter
