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Cost, insurance, and Freight (CIF) are the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit
Incoterms are standardized set of rules that clearly define the responsibilities of buyers and sellers when engaging in international trade. They set clear guidelines of cost, insurance and ownership for each party. Incoterms are standardized set of rulesSee More ...
It is a document declaring in which country a commodity or good was manufactured. The certificate of origin contains information regarding the product, its destination, and the country of export.
Free on Board (FOB) means the supplier retains ownership and responsibility for the goods until they are loaded 'on board' a shipping vessel.
