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what does FOB and CIF mean?


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  #1  
Old 05-23-2008, 11:27 PM
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Default what does FOB and CIF mean?

Such as FOB London, or CIF Paris


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Old 05-23-2008, 11:27 PM
export export is offline
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Default what does FOB and CIF mean?

the only one i know is that FOB also stands for Fall Out Boy, the band...PROBABLY not what you were looking for..good luck though...
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Old 05-23-2008, 11:27 PM
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Default what does FOB and CIF mean?

FOB -- Free On Board
CIF -- Carriage Insurance Freight

they are used to quote prices
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Old 05-23-2008, 11:27 PM
exportchina exportchina is offline
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Default what does FOB and CIF mean?

in military terms FOB stands for Forward Operating Base.

and CIF means Central Issue facility
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Old 05-23-2008, 11:27 PM
exportchina exportchina is offline
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Default what does FOB and CIF mean?

FOB is free on Board and CIF is Carriage Insurance freight

If it is FOB london, then exporter will quote the price all inclusive only till cost of boarding in London port. (this means any cost after London shall be borned by the importer ). In most cases London will be impoter place of embarkation (not necessarily in all cases though)

If it is CIF Paris, then assuming the exporter is in Paris, the cost of frieght, insurance and carrigae will be included in the cost.

In the commercial parlance, this generally means, whose responsibility ends where and whose responsibility starts thereafter.
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