Question:

What is the difference between F O B destinstion and C I F?

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I want to export steel scrap from europe to asia.

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  1. Both are for sale at departure, Goods are traveling at risk of the purchaser

    FOB, seller doesn’t support main transportation and insurance cost, export customs clearance is operated by the seller, risk is transferred when the goods are delivered to the main transporter.

    CIF,  seller pays for packing, loading, pre-transportation, export customs clearance, main transportation and insurance (minimum coverage), buyer pays for handling at destination (cf alternative), import customs clearance, post-transportation (cf alternative), unloading at destination.

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