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What is Payment Terms? 110 replies,28145 views

#1
Posted 02 Jun 2011 00:45

What is the difference between CIF & FOB  ? 




#2
Re: What is Payment Terms?
Posted 09 Jun 2011 12:48
What is the difference between CIF & FOB ?
REPLY TOMRDANAMANINI@YAHOO,COM
#3
Re: What is Payment Terms?
Posted 09 Jun 2011 12:48
What is the difference between CIF & FOB ?
REPLY TO MRDANAMANINI@YAHOO,COM
#4
Re: What is Payment Terms?
Posted 09 Jun 2011 20:49
CIF named supplier will afford "product Cost + Insurance fee + Freight cost (sea freight or air freight)"

FOB means Free on Board that supplier will afford " product cost + inland delivery cost" , lack of insurance and freight cost than CIF.

hope it will be clear for you.
maybe my english expression is not so well.
[em2]
SIGNATURE:
About Our Company
About Signature Promotion

Shenzhen Chengde Porcelain Co., Ltd.
Shenzhen Chengde Porcelain Co., Ltd. is an import and export company which specializes in designing, producing and selling all kinds of middle and high-grade daily-use porcelain tableware. Our factory is located ... More

#5
Re: What is Payment Terms?
Posted 10 Jun 2011 01:30
[em2]
Both are for sale at departure, Goods are traveling at risk of the purchaser

FOB, seller doesn’t support main transportation and insurance cost, export customs clearance is operated by the seller, risk is transferred when the goods are delivered to the main transporter.

CIF, seller pays for packing, loading, pre-transportation, export customs clearance, main transportation and insurance (minimum coverage), buyer pays for handling at destination (cf alternative), import customs clearance, post-transportation (cf alternative), unloading at destination.
[em1]
SIGNATURE:
About Our Company
About Signature Promotion

Fuzhou Truly Import & Export Trading Co., Ltd
Fuzhou Truly Import & Export Trading Co., Ltd. was established in 2005 by a group of responsible, competent and trustworthy young boys and girls. Our goal is "to be a processional sourcing partner to help you pur... More

#6
Re: What is Payment Terms?
Posted 10 Jul 2011 21:39
liyunnan wrote:

What is the difference between CIF & FOB  ? 

#7
Re: What is Payment Terms?
Posted 11 Jul 2011 06:45

CIF mean COST ,INSURANCE AND FREIGHT... IF you sell some product , your responsibility to pack it , move it to air port or sea port , book the sea , get Bill of lading and dispatch - Insurance must be taken by you till it reached the destination.

 

FOB mean FREE ON BOARD   Your responsibility to pack it and move it to sea port , hand over the goods to the authorised agents of the customer

#8
Re: What is Payment Terms?
Posted 11 Jul 2011 16:47
wow!! quite wonderful  [em1] 
#9
Re: What is Payment Terms?
Posted 11 Jul 2011 19:23
[em3]
#10
Re: What is Payment Terms?
Posted 12 Jul 2011 04:04
how about CFR? I am still could not differentiate between CNF & CFR?
#11
Re: What is Payment Terms?
Posted 12 Jul 2011 09:31
  fob means freight on board not free

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