Incoterms Comparison: FOB vs. CIF—What's the Difference?

FOB vs. CIF — what’s the difference, and why does it matter for your exports? ************* ► Incoterms Chart of Responsibilities and Transfer of Risk: https://www.shippingsolutionssoftware... ► An Introduction to Incoterms eBook: https://www.shippingsolutionssoftware... ► Find 100s of articles about various aspects of exporting on Passages: The International Trade Blog: https://www.shippingsolutionssoftware... ► Incoterms 2020 playlist:    • Understanding Incoterms 2020 for Importing...   ► Read An Introduction to Incoterms, and in-depth articles on each of the 11 terms: https://www.shippingsolutionssoftware... ************** This video breaks down two of the most commonly misunderstood Incoterms: FOB (Free On Board) and CIF (Cost, Insurance, and Freight). Both terms apply to sea freight, but the way they assign costs, responsibilities and risks between the buyer and seller can make a big difference in your bottom line—and your liability. Learn when to use FOB, when to use CIF, and why many exporters mistakenly use the wrong term. *************** Chapters 00:00 Introduction 01:13 What is FOB (Free On Board)? 02:09 What is CIF (Cost, Insurance, and Freight)? 03:17 FOB vs. CIF: The Key Differences 03:51 Which Incoterm Should You Use? *************** Subscribe to this channel for more practical advice for exporters and importers.    / @shippingsolutions   ************** #exportdocumentationsoftware #exportdocuments #usexportinghelp #incoterms2020 #fob #cif ***** Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. The Incoterms® Rules are protected by copyright owned by ICC.