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 ...

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 ...

In international shipping, the acronym FOB means "free on board." For domestic shipping within the United States it may also be short for "freight on board," but that doesn't affect the legal meaning.

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 from the present Free on Board (FOB) to Cost, Insurance and Freight (CIF) which most countries across the world use because of its economic ...