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    6. differentiate between FOB contract and CIF contract
    differentiate between FOB contract and CIF contract

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    0  Views: 1583 Answers: 1 Posted: 10 years ago
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      There are 2 kinds of FOB contract, it is either destination or shipping point. FOB destination is a contract based on agreed place by the contracting parties while FOB shipping point is a contract basically starts at the shipment place. CIF contract is an agreement by the parties wherein the seller shoulder the cost, insurance and freight of a certain shipped goods.

      10 years ago. Rating: 0
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