CIF is better than FOB for the buyer????
Post 1 of 4
Recently , i receive a Inquiry from a indian. he ask me to give him the CIFprice. but my boss doesn't do the CIF.only provide the FOB price. but the indian doesn't accept FOB. i want to know the FOB is really good for seller ,and the CIF is good for buyer??? usually we like use FOB do the Exports.why??? CIF is not suitable for exports??? really want to know!
27 Aug 2008 06:41
Post 2 of 4
Quoting from [ailsa520yiklee]:
Recently , i receive a Inquiry from a indian. he ask me to give him the CIFprice. but my boss doesn't do the CIF.only provide the FOB price. but the indian doesn't accept FOB. i want to know the FOB is really good for seller ,and the CIF is good for buyer??? usually we like use FOB do the Exports.why??? CIF is not suitable for exports??? really want to know!
no that depends
as a matter of fact
cif is better for big sellers ,if your company doesn't accept cif ,that means your company is still small;
28 Aug 2008 19:02
Post 3 of 4
Quoting from [ranko_ali]:Quoting from [ailsa520yiklee]:
Recently , i receive a Inquiry from a indian. he ask me to give him the CIFprice. but my boss doesn't do the CIF.only provide the FOB price. but the indian doesn't accept FOB. i want to know the FOB is really good for seller ,and the CIF is good for buyer??? usually we like use FOB do the Exports.why??? CIF is not suitable for exports??? really want to know!
no that depends
as a matter of fact
cif is better for big sellers ,if your company doesn't accept cif ,that means your company is still small;
our company was built in autumn 1991 ,till now ,we have fixed customers , we built the factory by ourself . yes ,our company isn't very big ,but not small too. my boss consider that the CIF is too risky . we consider the shippment cost .if the goods has reached port of destination, but the buyer don't pick up the goods ,we must pay for the Lag warehouse charges.
29 Aug 2008 00:35
Post 4 of 4
Quoting from [ranko_ali]:Quoting from [ailsa520yiklee]:
Recently , i receive a Inquiry from a indian. he ask me to give him the CIFprice. but my boss doesn't do the CIF.only provide the FOB price. but the indian doesn't accept FOB. i want to know the FOB is really good for seller ,and the CIF is good for buyer??? usually we like use FOB do the Exports.why??? CIF is not suitable for exports??? really want to know!
no that depends
as a matter of fact
cif is better for big sellers ,if your company doesn't accept cif ,that means your company is still small;
There's no relationship between incoterms 2000 (FOB,CNF,CIF and other 10 terms) and measurement of your business.
The seller tends to give FOB price is merely consideration of cost and risks, where in FOB sellers risks and cost will stop up to On Board of Ship in Port of loading, the rest is for Buer. while in CIF price the seller has to add Freight and Insurance premi in the price (becasue they become his responsibility), so that the seller has to handling and deal with shipping agent to get best freight and insurance Company.
Define risks? FOB and CIF is the same, risks of Seller stop up to put the goods On board of Ship at port of loading.
04 Sep 2008 02:12
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