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-   -   in the world of import/export business, what does FOB and CFR mean? (http://www.madeinchinatalk.com/showthread.php?t=5718)

import 06-15-2008 01:56 AM

in the world of import/export business, what does FOB and CFR mean?
 
in the world of import/export business, what does FOB and CFR mean?

Carl 06-15-2008 01:56 AM

in the world of import/export business, what does FOB and CFR mean?
 
FOB = Free On Board which means the exporter pays for everything to get it on the boat/plane/etc. and you pay the shipping.
http://en.wikipedia.org/wiki/Free_On_Board

CFR = Cost and Freight which means that the seller pays for transportation to the port of shipment, loading and freight. The buyer pays for the insurance and transportation of the goods from the port of destination to his factory.
http://en.wikipedia.org/wiki/Cost_and_Freight

lead 06-15-2008 01:56 AM

in the world of import/export business, what does FOB and CFR mean?
 
FOB means "free on board" and is a term that means the fright will be paid to a certain point.. For instance FOB destination means freight is paid by the shipper to the destiation. CFR i dont know

India 06-15-2008 01:56 AM

in the world of import/export business, what does FOB and CFR mean?
 
free on board= FOB
cost and freight= CFR

Flory 06-15-2008 01:56 AM

in the world of import/export business, what does FOB and CFR mean?
 
FOB means "Free On Board. It's a freight term. If you buy something and it is delivered freight prepaid, it means FOB destination. If it's freight collect, it's FOB shipping point. Means you pay the freight upon delivery.

Can't remember what CFR stands for. May be "credit -----"?


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