In broad terms, a key difference among many Incoterms lies in the exact point when the transfer of risk occurs. Additional charges and obligations may also vary What is the difference between negative 6 degrees c and 12 degrees f? 12 deg F is deg C so the difference is degrees in the Celsius scale
Understanding CFR vs. CIF - Investopedia
Understanding the Difference: FOB vs. CFR and CIF in Supply Chain What is the Meaning of FOB Freight in Supply Chain? The term “Free on Board” (FOB) freight is a crucial concept in supply chain management. It refers to the stage in the shipping process where the seller is responsible for the goods until they are loaded onto the vessel or The main difference between CIF and FOB concerns who takes much of the responsibility for shipping costs and risks. With CIF, the seller does most of the legwork, taking responsibility for the Accounting. Accounting questions and answers. The only difference between C & F and CIF shipping contracts is: Multiple Choice C & F shipping contracts do not require the seller to insure the goods. CIF shipping contracts do not require the seller to insure the goods. CIF shipping contracts do not include the cost of shipping Incoterms® use in comprises 11 trade terms that define the specific obligations and responsibilities of buyers and sellers in international commercial transactions. These terms are EXW, FCA, CPT, CIP, DAP, DPU, DDP (applicable for all modes of transport), and FAS, FOB, CFR, CIF (specifically for sea and inland waterway
What Are The Differences Between CIF And CIP? - Globartis Blog
Under CIF terms, the seller is responsible for the bulk cargo until it lands at the port of destination. The seller is responsible to provide three main documents: [HOST] invoice (cost) [HOST] insurance policy (insurance) [HOST] bill of landing (freight) Once the bulk cargo reaches the port of destination, the cost transfers to the buyer The main difference here is that CIF should be used only for waterway transport, whereas CIP can be used with any mode of transport (waterway, road, railway, airway). CIF Cost, Insurance & Freight (named port of destination). CIP Carriage & Insurance Paid To (named place of destination). Accordingly, if you use CIF you must