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What is the difference between CIF and FOB?

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asked Apr 24, 2015 by cross_border_admin (1,010 points)

1 Answer

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CIF (Cost, Insurance and Freight) A landed cost calculation model referring to the cost of goods, insurance, and freight are included in the quoted landed cost. 

FOB (Free on Board) A landed cost calculation model referring to the commercial invoice value and does not include the cost of shipping and insurance.

answered Apr 24, 2015 by cross_border_admin (1,010 points)
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