FOB refers to the fob port of shipment.

For exporters, CFI can earn more foreign exchange for the country, and so can the analysis at the time of import.

CIF: Cost, insurance and freight refer to cost, insurance and freight. The components of the price of goods include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium. Therefore, the seller has the same obligation as the CFR clause, and also handled the freight insurance for the buyer and paid the insurance premium.

For exporters, using CIF has the following advantages: 1. Make some freight. 2. Designate your own freight forwarder, and the related expenses can be reduced. 3. the payment method accompanying CIF is generally L/C, that is, letter of credit. Letter of credit is to pay cash against documents. As long as the relevant documents meet the requirements of the letter of credit, you can get the payment, which is guaranteed. 4.

FOB is the opposite.