FOB vs CIF made simple: these two INCOTERMS decide who pays for what in export so you can save big money in export costing.
FOB (Free On Board): Exporter pays till goods are loaded onto the ship, then the buyer takes over for main freight and insurance.
CIF (Cost, Insurance & Freight): Exporter pays for freight, insurance, and shipping till buyer’s port, making it more hassle‑free for the importer but usually at a higher landed cost
Connecting India Exim Solution
FOB vs CIF made simple: these two INCOTERMS decide who pays for what in export so you can save big money in export costing.
FOB (Free On Board): Exporter pays till goods are loaded onto the ship, then the buyer takes over for main freight and insurance.
CIF (Cost, Insurance & Freight): Exporter pays for freight, insurance, and shipping till buyer’s port, making it more hassle‑free for the importer but usually at a higher landed cost
#cies #INCOTERM #export #import #howtoexport #connectingindiaeximsolution
1 week ago (edited) | [YT] | 19