{"id":89190,"date":"2022-05-27T09:43:50","date_gmt":"2022-05-27T01:43:50","guid":{"rendered":"https:\/\/jingsourcing.com\/?p=89190"},"modified":"2024-03-23T16:12:45","modified_gmt":"2024-03-23T08:12:45","slug":"b-cif-vs-fob","status":"publish","type":"post","link":"https:\/\/jingsourcing.com\/b-cif-vs-fob\/","title":{"rendered":"CIF vs. FOB: What&#8217;s the Difference &amp; How to Choose?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"89190\" class=\"elementor elementor-89190\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0c35a0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c35a0c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bd4d759\" data-id=\"bd4d759\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-509219c elementor-widget elementor-widget-text-editor\" data-id=\"509219c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Incoterms are essential to international trades. They will influence <a href=\"https:\/\/jingsourcing.com\/b-trade-terms-get-quote\/\" target=\"_blank\" rel=\"noopener\">the quotation you get from the seller<\/a>, the shipping of the goods, and the responsibilities of sellers and buyers.<\/p><p>Some new buyers don&#8217;t have a clear understanding of trading terms. They see others usually use FOB, so they also ask their sellers for FOB price. But actually, they need a\u00a0<a href=\"https:\/\/jingsourcing.com\/b-cif-transport-terms\/\" target=\"_blank\" rel=\"noopener\">CIF price<\/a> which is more suitable for them. The seller will give a FOB quotation according to the buyer&#8217;s wrong requirement and description. So there is a failure of communication between the two parties.<\/p><p>In most cases, you will use CIF or FOB, as they are two of the most common <a href=\"https:\/\/jingsourcing.com\/b-shipping-terms\/\" target=\"_blank\" rel=\"noopener\">shipping terms<\/a>. In order that you can avoid troubles like the above and correctly use them, we will discuss FOB vs. CIF in this article from the following aspects:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-07167dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"07167dd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6b94067\" data-id=\"6b94067\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52ea9e7 elementor-widget elementor-widget-text-editor\" data-id=\"52ea9e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><a href=\"#A1\">What is CIF and who bears the risk in shipping?<\/a><\/li><li><a href=\"#A2\">What is FOB and who bears the risk in shipping?<\/a><\/li><li><a href=\"#A3\">What are the differences between CIF and FOB prices?<\/a><\/li><li><a href=\"#A4\">Why do buyers prefer FOB\/CIF and when to use them?<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-78035fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"78035fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a23c2b6\" data-id=\"a23c2b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-09fb0a3 elementor-widget elementor-widget-spacer\" data-id=\"09fb0a3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02706df elementor-widget elementor-widget-heading\" data-id=\"02706df\" data-element_type=\"widget\" id=\"A1\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is CIF and who bears the risk in shipping?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5864630 elementor-widget elementor-widget-text-editor\" data-id=\"5864630\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>CIF is the short form for Cost, Insurance and Freight. It contains three kinds of fees: costs of goods, freight to the port in your country, and insurance. When using CIF shipping terms, you must add an appointed port in your country, like CIF New York, CIF Los Angeles.<\/p><p>Take CIF New York for example. It means that the seller will pay sea freight fees and insurance and send the goods to <a href=\"https:\/\/www.panynj.gov\/port\/en\/index.html\" target=\"_blank\" rel=\"nofollow noopener\">Port of New York<\/a>, and you take the delivery there, deal with import customs clearance, <span style=\"text-decoration: underline;\"><a href=\"https:\/\/jingsourcing.com\/b-customs-duty-from-china-to-usa\/\" target=\"_blank\" rel=\"noopener\">pay import duties<\/a><\/span>, and transfer goods from the <a href=\"https:\/\/jingsourcing.com\/b-door-to-door-port-to-port-shipping\/\" target=\"_blank\" rel=\"noopener\">port to your warehouse<\/a>.<\/p><p>As for who should bear the risk of damage and loss, since the seller <a href=\"https:\/\/jingsourcing.com\/b-shipping-solutions-from-china\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">arranges the shipping,<\/span><\/a> they will be responsible for it until the goods get to New York. If the goods are damaged during shipping, the seller will help you communicate with <span style=\"text-decoration: underline;\"><a href=\"https:\/\/jingsourcing.com\/b-freight-forwarder\/\" target=\"_blank\" rel=\"noopener\">freight forwarders<\/a><\/span> and solve the problems. In addition, the seller helps you buy <a href=\"https:\/\/jingsourcing.com\/b-what-is-cargo-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">cargo insurance<\/span><\/a> and gives you insurance policies. So if the goods are lost, you can claim from the insurance company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80ca108 elementor-widget elementor-widget-image\" data-id=\"80ca108\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"319\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1.png\" class=\"attachment-large size-large wp-image-105968 lazyload\" alt=\"CIF incoterms\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27768%27%20height%3D%27319%27%20viewBox%3D%270%200%20768%20319%27%3E%3Crect%20width%3D%27768%27%20height%3D%273319%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1.png\" data-srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1-200x83.png 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1-300x125.png 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1-400x166.png 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1-600x249.png 600w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-incoterms-1.png 768w\" data-sizes=\"auto\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-068f4db elementor-widget elementor-widget-spacer\" data-id=\"068f4db\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0907af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a0907af\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb393ca\" data-id=\"eb393ca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-376dd2f elementor-widget elementor-widget-text-editor\" data-id=\"376dd2f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When negotiating the shipping agreement under CIF delivery terms with the seller, you must clearly clarify the port you will pick up the goods, <span style=\"text-decoration: underline\"><a href=\"https:\/\/jingsourcing.com\/shipping-from-china-to-us-cost\/\" target=\"_blank\" rel=\"noopener\">shipping methods and costs<\/a><\/span>, as well as the type and amount of the insurance purchased to avoid any unnecessary disputes in the future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a1e91c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a1e91c9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1fcad6a\" data-id=\"1fcad6a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51cdd78 elementor-widget elementor-widget-heading\" data-id=\"51cdd78\" data-element_type=\"widget\" id=\"A2\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is FOB and who bears the risk in shipping?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fe78e6 elementor-widget elementor-widget-text-editor\" data-id=\"8fe78e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline\"><a href=\"https:\/\/jingsourcing.com\/fob-shipping-china\/\" rel=\"\">FOB<\/a><\/span>, or Free On Board, means that the sellers need to deliver the goods to the appointed seaport in their country, while you have your own freight forwarder to complete all things after that, including arranging shipping to your destination, paying sea freight, buying insurance, and dealing with import customs clearance.<\/p><p>When using FOB shipping terms, you should add a designated seaport, like FOB Ningbo, FOB Shanghai. FOB Ningbo means the seller will transport the goods from factory to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Port_of_Ningbo-Zhoushan\" target=\"_blank\" rel=\"noopener sponsored\">Port of Ningbo<\/a>. You take over the goods there and ship them to your destination in your country.<\/p><p>For the risk, before the goods arrive at Port of Ningbo, the seller will be responsible for damage and loss. After the goods are on the ship, you should bear the risk, which is different from CIF. Once your goods are damaged or lost during shipping, you need to contact your freight forwarder or the insurance company on your own.<\/p><p>For example, the seller transfers the goods to the ship by hoisting. If the cargo accidentally falls into the sea before boarding the ship, then the seller shall still be liable for the damage, as the delivery of the goods has not been completed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed3f0c7 elementor-widget elementor-widget-image\" data-id=\"ed3f0c7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"319\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1.png\" class=\"attachment-large size-large wp-image-105969 lazyload\" alt=\"INCOTERMS-FOB-1\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27768%27%20height%3D%27319%27%20viewBox%3D%270%200%20768%20319%27%3E%3Crect%20width%3D%27768%27%20height%3D%273319%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1.png\" data-srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1-200x83.png 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1-300x125.png 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1-400x166.png 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1-600x249.png 600w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/INCOTERMS-FOB-1.png 768w\" data-sizes=\"auto\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ccc74d elementor-widget elementor-widget-spacer\" data-id=\"3ccc74d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b507312 elementor-widget elementor-widget-text-editor\" data-id=\"b507312\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Generally, the seller will send the goods to their closest port under FOB delivery terms. If you don&#8217;t know it, you can just ask the seller and let them quote you the price based on that. For example, a seller in Dongguan will send the goods to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Port_of_Shenzhen\" target=\"_blank\" rel=\"noopener sponsored\">Port of Shenzhen<\/a>, while a seller in Suzhou will send goods to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Port_of_Shanghai\" target=\"_blank\" rel=\"noopener sponsored\">Port of Shanghai<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcc00c1 elementor-widget elementor-widget-image\" data-id=\"fcc00c1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1.jpg\" class=\"attachment-large size-large wp-image-105970 lazyload\" alt=\"China-ports-1\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27768%27%20height%3D%27432%27%20viewBox%3D%270%200%20768%20432%27%3E%3Crect%20width%3D%27768%27%20height%3D%273432%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1.jpg\" data-srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1-200x113.jpg 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1-300x169.jpg 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1-400x225.jpg 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1-600x338.jpg 600w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/China-ports-1.jpg 768w\" data-sizes=\"auto\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8da67d7 elementor-widget elementor-widget-spacer\" data-id=\"8da67d7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71aee19 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71aee19\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c2f0b6\" data-id=\"0c2f0b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61af767 elementor-widget elementor-widget-heading\" data-id=\"61af767\" data-element_type=\"widget\" id=\"A3\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CIF price vs. FOB price<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-520c005 elementor-widget elementor-widget-text-editor\" data-id=\"520c005\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When using CIF or FOB, you must be most concerned about these things: what the responsibilities of buyers and sellers are, who bears the damage or loss of goods during shipping, and how much quotation you get from the seller.<\/p><p>They are the main differences between these two terms. We have already mentioned the first two above. Now let&#8217;s see CIF vs FOB prices, which contain different expenses.<\/p><p>For example, you buy a batch of goods from Yiwu, China, and will ship them to Los Angeles, USA. Generally, products from Yiwu are exported from Port of Ningbo. So the costs\u00a0 include:<\/p><ul><li>product price: $10,000<\/li><li>cost from the factory to Port of Ningbo: $500<\/li><li>export customs clearance fees: $300<\/li><li>sea freight from Port of Ningbo to Los Angeles: $2,500<\/li><li>cost of insurance: $250<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5387545 elementor-widget elementor-widget-heading\" data-id=\"5387545\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">FOB price<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3b3fcd elementor-widget elementor-widget-text-editor\" data-id=\"e3b3fcd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Under FOB shipping term, the seller has to arrange trucks to send the goods to Port of Ningbo, and deal with export customs clearance. They will add these fees to the price you will pay. Thus, FOB price calculation is:<\/p><p>FOB Ningbo price = product price + costs from the factory to the port of Ningbo + export customs clearance fees.<\/p><p>i.e. FOB Ningbo price = $10,000 + $500 + $300 = $10,800.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b0b353 elementor-widget elementor-widget-heading\" data-id=\"0b0b353\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">CIF price<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70cdd5b elementor-widget elementor-widget-text-editor\" data-id=\"70cdd5b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With CIF shipping terms, except for sending the goods to Port of Ningbo and dealing with customs clearance, the seller has to pay the insurance and sea freight to Los Angeles. These fees are also included in the price you should pay. So CIF price calculation can be:<\/p><p>CIF Los Angeles price = FOB Ningbo price + freight to Los Angeles + insurance<\/p><p>i.e. CIF Los Angeles price = $10,800 + $2500 + $250 = $13,800<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c2c942f elementor-widget elementor-widget-image\" data-id=\"c2c942f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"372\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1.png\" class=\"attachment-large size-large wp-image-105971 lazyload\" alt=\"CIF-vs-FOB\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27768%27%20height%3D%27372%27%20viewBox%3D%270%200%20768%20372%27%3E%3Crect%20width%3D%27768%27%20height%3D%273372%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1.png\" data-srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1-200x97.png 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1-300x145.png 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1-400x194.png 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1-600x291.png 600w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1-1.png 768w\" data-sizes=\"auto\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77f846b elementor-widget elementor-widget-text-editor\" data-id=\"77f846b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center\"><a href=\"https:\/\/www.thebrimichgroup.com\/\" target=\"_blank\" rel=\"nofollow noopener\">(Source: Brimich Logistics)<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a5e2fb elementor-widget elementor-widget-heading\" data-id=\"7a5e2fb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">CIF freight and insurance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f0aede elementor-widget elementor-widget-text-editor\" data-id=\"2f0aede\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>About freight, it is real-time and updated per week during the epidemic. When you estimate the freight, you&#8217;d better inquire to the seller or freight forwarder about the latest freight rate.<\/p><p>Besides, if your goods are shipped by LCL under CIF delivery terms, you may encounter such a situation: The Chinese forwarder charges you very low sea freight first. You think that is all and you won&#8217;t need to pay him anymore later. But when you pick up the goods at the port, the forwarder charges you again.<\/p><p>In this case, you will feel cheated because it is different from what you think. But in fact, it is not a scam, just because these freight forwarders calculate LCL shipping costs in different ways.<\/p><p>For example, you will transport 3 <span style=\"text-decoration: underline\"><a href=\"https:\/\/jingsourcing.com\/b-cbm-in-shipping\/\" target=\"_blank\" rel=\"noopener\">CBM<\/a><\/span> goods. You ask 3 forwarders and they give you different prices. Actually, they just first charge you part of the total shipping costs, maybe 30%, 10%, or even free, which varies from different forwarders. And they will charge you again for the rest of the costs when you pick up the goods at the port in your country. All these fees are what you should pay to the forwarders, i.e. the total shipping costs.<\/p><p>Therefore, the low price you get from some freight forwarders does not mean it is cheap because you still have to pay the other fees later to make up the <a href=\"https:\/\/jingsourcing.com\/b-what-is-landed-cost\/\" target=\"_blank\" rel=\"noopener\">full costs<\/a>.<\/p><p>As for insurance, the seller is required to buy the minimum insurance for goods, which shall be (1+10%) of the CIF price. Therefore, Insurance paid = CIF price \u00d7 110% \u00d7 insurance rate. If you want higher insurance, you have to reach an agreement with the seller or buy additional insurance by yourself.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ae1d9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0ae1d9c\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-523e2ec\" data-id=\"523e2ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4fb9822 elementor-widget elementor-widget-text-editor\" data-id=\"4fb9822\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center\"><span style=\"color: #000000\"><strong>Jinsourcing can cut your costs for importation from China<\/strong><\/span><\/p><ul><li><span style=\"color: #000000\">long-term cooperative suppliers to get competitive product prices<\/span><\/li><li><span style=\"color: #000000\">familiar freight forwarders to provide you with real-time freight rates<\/span><\/li><li><span style=\"color: #000000\">right quotation under EXW, FOB, CIF, door-to-door, etc.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0654fd elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f0654fd\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/jingsourcing.com\/submit-ticket\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-bell\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M439.39 362.29c-19.32-20.76-55.47-51.99-55.47-154.29 0-77.7-54.48-139.9-127.94-155.16V32c0-17.67-14.32-32-31.98-32s-31.98 14.33-31.98 32v20.84C118.56 68.1 64.08 130.3 64.08 208c0 102.3-36.15 133.53-55.47 154.29-6 6.45-8.66 14.16-8.61 21.71.11 16.4 12.98 32 32.1 32h383.8c19.12 0 32-15.6 32.1-32 .05-7.55-2.61-15.27-8.61-21.71zM67.53 368c21.22-27.97 44.42-74.33 44.53-159.42 0-.2-.06-.38-.06-.58 0-61.86 50.14-112 112-112s112 50.14 112 112c0 .2-.06.38-.06.58.11 85.1 23.31 131.46 44.53 159.42H67.53zM224 512c35.32 0 63.97-28.65 63.97-64H160.03c0 35.35 28.65 64 63.97 64z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Let us help you now.<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-740de10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"740de10\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-caae360\" data-id=\"caae360\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d2d117 elementor-widget elementor-widget-spacer\" data-id=\"2d2d117\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56e63ab elementor-widget elementor-widget-heading\" data-id=\"56e63ab\" data-element_type=\"widget\" id=\"A4\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why do buyers prefer FOB\/CIF prices and when to use them?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7f310f elementor-widget elementor-widget-text-editor\" data-id=\"c7f310f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When <a href=\"https:\/\/jingsourcing.com\/blog\/c-import-from-china-guide\/\" target=\"_blank\" rel=\"noopener\">buying from China<\/a>, no matter <a href=\"https:\/\/jingsourcing.com\/b-air-freight-vs-sea-freight\/\" target=\"_blank\" rel=\"noopener\">by sea or air<\/a>, the goods have to be sent from the factory to a <a href=\"https:\/\/jingsourcing.com\/b-major-china-ports\/\" target=\"_blank\" rel=\"noopener\">China port<\/a> by truck first, then they can be shipped to your country. However, it is not an easy task. China is a large country with hundreds of ports and the suppliers lie in different regions. If you are unfamiliar with China and lack importing experience, sending goods from the factory to the port will trouble you a lot.<\/p><p>So many buyers don&#8217;t want to bother to do this and will choose CIF or FOB. Under FOB, the Chinese seller can help you send the goods to the port in China. You just need to know when the goods get to the port and send your ship there to pick up the goods on time.<\/p><p>And under CIF, the seller will directly ship the goods to the port in your country, and you just need to receive your goods there. Both of these can save you from many troubling things.<\/p><p>But pay attention, FOB or CIF is not suitable for everyone. If you want to use FOB, you&#8217;d better have your own familiar freight forwarder to ship goods from the port in China to your destination. Otherwise, please ask your seller for CIF price and arrange shipping for you.<\/p><p>In addition, if you need to collect goods from different sellers at the same port in China, and then send them together by <span style=\"text-decoration: underline\"><a href=\"https:\/\/jingsourcing.com\/b-fcl-vs-lcl\/\" target=\"_blank\" rel=\"noopener\">LCL or FCL<\/a><\/span>, FOB is a good choice. All your sellers can send the goods to the same appointed seaport where your freight forwarder can collect and load them into the <span style=\"text-decoration: underline\"><a href=\"https:\/\/jingsourcing.com\/b-container-types\/\" target=\"_blank\" rel=\"noopener\">container<\/a><\/span>.<\/p><p><a href=\"https:\/\/jingsourcing.com\/\" target=\"_blank\" rel=\"noopener\">Jingsourcing<\/a> can help you buy goods from several sellers and package them together, then arrange FOB or CIF shipping for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f2cfeb elementor-align-center elementor-widget elementor-widget-button\" data-id=\"8f2cfeb\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/jingsourcing.com\/submit-ticket\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-bell\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M439.39 362.29c-19.32-20.76-55.47-51.99-55.47-154.29 0-77.7-54.48-139.9-127.94-155.16V32c0-17.67-14.32-32-31.98-32s-31.98 14.33-31.98 32v20.84C118.56 68.1 64.08 130.3 64.08 208c0 102.3-36.15 133.53-55.47 154.29-6 6.45-8.66 14.16-8.61 21.71.11 16.4 12.98 32 32.1 32h383.8c19.12 0 32-15.6 32.1-32 .05-7.55-2.61-15.27-8.61-21.71zM67.53 368c21.22-27.97 44.42-74.33 44.53-159.42 0-.2-.06-.38-.06-.58 0-61.86 50.14-112 112-112s112 50.14 112 112c0 .2-.06.38-.06.58.11 85.1 23.31 131.46 44.53 159.42H67.53zM224 512c35.32 0 63.97-28.65 63.97-64H160.03c0 35.35 28.65 64 63.97 64z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact us now.<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-93632d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93632d1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eec1d44\" data-id=\"eec1d44\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9992c7 elementor-widget elementor-widget-spacer\" data-id=\"b9992c7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-558708d elementor-widget elementor-widget-heading\" data-id=\"558708d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The end<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4fd995 elementor-widget elementor-widget-text-editor\" data-id=\"d4fd995\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you have any questions after reading this simple guide on the differences between CIF and FOB, please leave a comment below.<\/p><p>We are Jingsourcing, a leading Chinese sourcing company, with rich experience in helping importers buy, customize, and ship products from China at competitive prices. We are devoted to supporting your business with good solutions to any problems. If you need help, please feel free to <a href=\"https:\/\/jingsourcing.com\/submit-ticket\/\" target=\"_blank\" rel=\"noopener\">CONTACT US<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9faea2d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9faea2d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c95b5e0\" data-id=\"c95b5e0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-579f140 elementor-widget elementor-widget-heading\" data-id=\"579f140\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Further Reading<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1441791 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"1441791\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-fca-vs-fob\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">FCA vs FOB<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-exw-shipping\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What is EXW\uff1f<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-incoterms-fca\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What is FCA?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-incoterms-cpt\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What is CPT?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-incoterms-cip\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What is CIP?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/jingsourcing.com\/b-dat-incoterms\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-file-alt\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224 136V0H24C10.7 0 0 10.7 0 24v464c0 13.3 10.7 24 24 24h336c13.3 0 24-10.7 24-24V160H248c-13.2 0-24-10.8-24-24zm64 236c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-64c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12v8zm0-72v8c0 6.6-5.4 12-12 12H108c-6.6 0-12-5.4-12-12v-8c0-6.6 5.4-12 12-12h168c6.6 0 12 5.4 12 12zm96-114.1v6.1H256V0h6.1c6.4 0 12.5 2.5 17 7l97.9 98c4.5 4.5 7 10.6 7 16.9z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">What is DAT?<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Incoterms are essential to international trades. They will influence the quotation you get from the seller, the shipping of the goods, and the responsibilities of sellers and buyers. Some new buyers don&#8217;t have a clear understanding of trading terms. They see others usually use FOB, so they also ask their sellers for FOB price. But [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":98654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[113],"tags":[],"class_list":["post-89190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-term"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.6 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIF vs. FOB: What&#039;s the Difference &amp; How to Choose?<\/title>\n<meta name=\"description\" content=\"Differences between CIF and FOB: meaning, liability, price (calculation example). 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Plus tips to choose the right one.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/\" \/>\n<meta property=\"og:site_name\" content=\"jingsourcing\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/jingsourcing\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-27T01:43:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-23T08:12:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eve Xu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@marketing02\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eve Xu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/\"},\"author\":{\"name\":\"Eve Xu\",\"@id\":\"https:\/\/jingsourcing.com\/#\/schema\/person\/7273a678950b8d55c7f6213234b31c73\"},\"headline\":\"CIF vs. FOB: What&#8217;s the Difference &amp; How to Choose?\",\"datePublished\":\"2022-05-27T01:43:50+00:00\",\"dateModified\":\"2024-03-23T08:12:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/\"},\"wordCount\":1699,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/jingsourcing.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1.png\",\"articleSection\":[\"Trade Term Knowledge\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/\",\"url\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/\",\"name\":\"CIF vs. FOB: What's the Difference & How to Choose?\",\"isPartOf\":{\"@id\":\"https:\/\/jingsourcing.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/jingsourcing.com\/b-cif-vs-fob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/CIF-vs-FOB-1.png\",\"datePublished\":\"2022-05-27T01:43:50+00:00\",\"dateModified\":\"2024-03-23T08:12:45+00:00\",\"description\":\"Differences between CIF and FOB: meaning, liability, price (calculation example). 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