Comparing CIF and FOB: Key Differences in Shipping Terms Explained

US Import Bond
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Abstract:
In this video, we'll compare CIF and FOB shipping terms, shedding light on their differences and implications for international trade. Understanding the distinction between CIF (Cost, Insurance, and Freight) and FOB (Free On Board) terms is essential for importers, exporters, and shipping professionals. We'll explore the key characteristics of each term, including the allocation of responsibilities, risk transfer points, and cost implications. Join us as we unravel the complexities of CIF and FOB shipping terms and their significance in global trade. #usimportbond #isfcustomsbroker #uscustomsclearing #isfentry

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