I agree with the privacy policy
I agree with the privacy policy
FOB (Free on Board):
The seller bears all costs and risks until the goods are loaded onto the vessel at the port of departure. After loading, all subsequent expenses (freight, insurance, customs duties at the destination) and risks pass to the buyer.
CFR (Cost and Freight):
The seller pays for the freight and delivery of the goods to the port of destination but is not responsible for insurance. The risks transfer to the buyer once the goods are loaded onto the ship in the port of origin.
CIF (Cost, Insurance and Freight):
The seller covers the cost of freight and is also responsible for insuring the cargo until it arrives at the port of destination. While the risks still pass to the buyer at the time of loading, the buyer is protected by the insurance policy arranged by the seller.