1, FOB overview: FOB, also known as "FOB", is one of the commonly used trade terms in international trade.

2.CIF overview: Chinese translation of CIF terms into cost, insurance and freight (named port of destination, the original text is cost, insurance and freight (insert named port of destination)). The components of the price include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium.

3. Overview of C & ampF: Specify the port of shipment and the port of destination.

4. Overview of CFR: CFR is the abbreviation of cost plus freight, which means cost plus freight in Chinese. It means that the goods are delivered to the ship at the port of shipment, and the seller must pay the expenses required to transport the goods to the designated destination port. But the risk of goods is that they will be transferred when they are loaded at the port of shipment.

Four, the relevant provisions:

1, relevant provisions of FOB: For transactions conducted on the basis of FOB, the buyer is responsible for sending a ship to receive the goods, and the seller shall load the goods on the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified time limit, and notify the buyer in time. When the goods are loaded on a named vessel at the port of shipment, the risk passes from the seller to the buyer.

2.CIF related clauses: In addition to the same obligations as CFR clauses, the seller shall also handle freight insurance for the buyer and pay the insurance premium. According to the general international trade practice, the insured amount of the seller should be 65,438+00% of the CIF price.

If the buyer and the seller have not agreed on specific risks, the seller only needs to get the minimum amount. If the buyer requests war risk insurance, the seller shall do so at the buyer's expense. When the seller can do so, it must be insured in the contract currency.

3. Relevant regulations of C & ampF: After the goods cross the ship's rail at the designated port, they shall be borne by the seller. In addition, the seller needs to go through the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.

4. Relevant clauses of CFR: In 2000, it was clearly stipulated in the General Principles that CFR clauses can only be applied to maritime and inland waterway transportation. If the parties to the contract do not use delivery across the ship's rail, the CPT term should be used.

The precautions of the four are different:

1 and FOB notes:

(1) China's foreign trade enterprises should ship the goods in strict accordance with the provisions of the export contract and make proper documents to prevent the buyer from making excuses to refuse to pay for the goods.

(2) It is best for foreign collecting banks not to be designated by importers. If necessary, they should obtain the consent of the collecting bank in advance.

(3) For countries with strict trade control and foreign exchange control, special care should be taken when using the D/P method.

Matters needing attention in CIF price:

According to CIF terms, although the seller has arranged the transportation of the goods and handled the freight insurance, the seller does not undertake the obligation to ensure the delivery of the goods to the agreed destination port, because CIF is a term for shipment delivery, not for delivery at the destination port, that is to say, CIF is not a "CIF price".

CIF, that is, cost, insurance and freight, refers to the completion of delivery when the carrier's ship is loaded at the port of shipment. The seller shall conclude an insurance contract and pay the insurance premium. The buyer should note that the CIF term only requires the seller to insure the minimum insurance. If the buyer needs higher insurance coverage, he needs to reach a clear agreement with the seller or make additional insurance arrangements by himself.

Precautions for C & ampf:

Under CFR terminology, we must pay attention to the issue of shipping notice. Because under CFR terms, the seller is responsible for arranging transportation, and the buyer handles insurance on his own, it is very important for the buyer to complete insurance with the insurance company in time before the goods are shipped, that is, before the risk is transferred to the buyer. Therefore, Incoterms emphasizes that the seller must inform the buyer that the goods have been loaded without delay. Otherwise, the seller shall be liable for breach of contract.