Difference between DDP, FOB, CIF?
Post 1 of 3
Can somone explain the differences of DDP (delivery duties paid) from CIF and FOB?
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22 Jul 2009 19:26
Post 2 of 3
DDP is when the Seller pays ALL charges, including Freight, Insurance,Import Duties, Customs Clearance charges, and transport from the destination Wharf to the Client's Warehouse.
CIF is where the Seller pays Freight and Insurance to the Destination Port. The Buyer then pays Import Duties, Clearance Charges etc.
FOB is where the Seller pays all charges until the goods are on board the ship. The Buyer then pays for Freight, Insurance, etc.
CIF is where the Seller pays Freight and Insurance to the Destination Port. The Buyer then pays Import Duties, Clearance Charges etc.
FOB is where the Seller pays all charges until the goods are on board the ship. The Buyer then pays for Freight, Insurance, etc.
23 Jul 2009 00:33
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