CIF and FOB are commonly used agreement models for international shipping. Each type of agreement specifies which party is responsible for the goods and the point at which responsibility transfers ...

For "prepaid and charged back," the seller pays the shipping cost, but adds a fee to the invoice. FOB isn't the only way to ship goods. Another alternative is to ask the seller for CIF – cost ...

All modes CIF (Cost, Insurance, and Freight) and FOB (Free on Board) are two widely used Incoterm agreements. Although the definition of both terms can differ across countries and is ultimately ...

Federal Government is set to change its trade policy from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use because of its economic ...

Illinois Community College Board. "FOB Definition / Shipping Terms of Sale." MAERSK. "Free on Board (FOB) Intercoms Explained." U.S. Grains Council. "Shipping Terms FAS, FOB, C&F, CIF." ...

Federal Government is set to change its trade policy before the end of the year, from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use ...