can any one tell me what is the meaning of FOB value & CIF value and there full name
thanls in advanve & best of luck for june9 exam
Kshitij
(PCC Student)
(125 Points)
Replied 14 May 2009
F.O.B.- Free On Board, this means that seller only loads the goods on ship and rest insurance & freight cost are taken care of the buyer.
C.I.F.- Cost Insurance & Freight, this means other than loading the goods on the ship the seller also pays for the insurance & freight of the goods.
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