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Posts Tagged CIF and FOB

Difference Between CIF and FOB

Difference Between CIF and FOB

Cost, Insurance and Freight (CIF) vs. Free On Board (FOB) Terms One of the fundamental decisions of international trade is how to structure the terms of sale between buyers and sellers. In the case of imports, Canadian and American companies can either allow their overseas suppliers to handle the shipping and insurance of goods or they can take these responsibilities

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