Terms of trade cif fob c&f
Our customer are requested by their buyer to quote the contract price as FOB plus Insurance premium ,they are requested to provide Insurance Policy/Cert. and add insurance premium in the FOB price. Formerly there was a trade term like "C and I", but now it disappears Which of Trade terms or Incoterms should be used in the Sale Contract? Rgds, Ajcha It is important to have an understanding of cost and freight (CFR), cost, insurance and freight (CIF) and Free on board (FOB). There is much talk in the trade world about incoterms and how something is shipped; these terms have their own nuances. It is important to first note the difference between the shipping terms CFR and CIF.