These are global shipping terms which are used in international trade:
(Colloquially, FOB is often stated to mean "freight on board." However this can actually be confusing and should be avoided as it is not conforming with specified terminology of the UCC.)
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CIF and FOB are governed by the International Chamber of Commerce governing how shipments are billed. The terms are complicated by the fact that the terms are applied differently in different regions.
Previously, in North America, under the Uniform Commercial Code (UCC), both "FOB origin" and "FOB destination" left the seller responsible for paying costs of loading goods on board the carrier; hence "free on board." When the buyer was responsible for loading costs as well, the UCC term was "FAS," "free alongside."
Currently, the UCC has removed FOB and FAS, leaving the definition of these terms up to the interpretation of the parties or the applicable state's law. Many states have wholly or in part adopted the UCC terms without realizing that the UCC has abandoned the definitions.
A related but separate term "CAP" ("customer-arranged pickup") is used to denote that the buyer will arrange a carrier of their choice to pick the goods up at the seller's premises, and the liability for any damage or loss belongs to the buyer.
- CIF is Cost, Insurance and Freight - FOB is Free on Board
cif will paid throw of shipper. fob will paid throw of buyer.
FOB means "Free on Board." It requires the purchaser to pay freight from wherever it says after "FOB." Ningo is an area in Ghana. So...FOB NINGO means you have to pay the freight bill from the shipper in Ningo, Ghana, to your loading dock.
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.
Free On Board
FOB and CIF are INCOTERMS or international commercials terms (terms of sale).
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.
FOR? or do you mean FOB?
The ENCO terms are CIF and FOB
fob
- CIF is Cost, Insurance and Freight - FOB is Free on Board
cif will paid throw of shipper. fob will paid throw of buyer.
PRODUCTS RATE X EXCHANGE RATE X 110%= PMV PMV=RATE*EXCHANGE RATE*110% Dhista Yogesh mundra.
They are the the freight on board terms
yes, FOB means - free on board-(the ship) the term you are looking for is CIF (Cost Insurance Freight) - that includes all shipping charges to land cargo in a port - from that point its the buyers responsibility - any port charges to be paid / demurrage / stevedoring / and of course inland freight like trucking.
FOB means "Free on Board." It requires the purchaser to pay freight from wherever it says after "FOB." Ningo is an area in Ghana. So...FOB NINGO means you have to pay the freight bill from the shipper in Ningo, Ghana, to your loading dock.
exw + FOB