FOB = Free On Board. It's the physical geographical point at which title (and the risk of loss) transfers to the buyer from the seller. It can be the shipping point, delivery point, or any intermediary waypoint such as an ocean port on either end. The buyer is responsible for shipping charges from the FOB point onwards as well.
CNF = Cost, No Insurance & Freight. The cost of the goods plus freight charges. The buyer is responsible for any insurance costs. This is usually the best way as it allows the buyer to use a local insurance carrier of his choice. See CIF below.
CIF = Cost, Insurance & Freight. As above but includes insurance purchased by the shipper. Not a wise idea on international shipments as it may be difficult to file a claim. And the shipper chooses the insurance carrier so rates are often higher.
whats the difference between fob and ldp
exw + FOB
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When shipping imports, the acronym FOB stands for "Freight on Board". FIS means "Free in Store", and CNF is for "Cost and Freight".
whats the difference between fob and ldp
The Difference b/w FOB and C&F is FOB + Insurance + Freight = C&F I.e Insurance and freight in both the valuation.
cif will paid throw of shipper. fob will paid throw of buyer.
exw + FOB
From business point of view, the full form of CNF is :- " Cost and Freight".
What is the fullform of CNF?
What is the fullform of CNF?
cnf
There are several differences between FOB price and EX Works prices. The biggest difference between the two is that FOB prices will have the shipping costs borne by the seller.
CNF means "cost and freight"
The difference between FOB and landed is that FOB is the price the buyer pays to get the goods they purchased delivered to the nearest clearing house or distribution center the shipper has sent their order to. Landed means the buyer gets their order sent right to their own door in the price quoted.FOB will usually mean the buyer has to pay more to get it delivered to their door..or "landed".