CIF (Cost, Insurance, and Freight) Incoterm Explained | CIF Shipping, Meaning & Import-Export Terms
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FOB vs CIF 🌍☕ FOB vs CIF — Do You Know the Difference? In the coffee export business, understanding shipping terms is essential! 📦 FOB (Free On Board): The seller delivers the coffee on board the vessel at the agreed port of shipment. The buyer arranges the main sea freight. 🚢 CIF (Cost, Insurance and Freight): The seller pays the cost, freight, and required insurance to the named destination port. 💡 Understanding Incoterms helps coffee exporters and importers make smarter business decisions
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