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


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Old 06-15-2008, 01:56 AM
Flory Flory is offline
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Default 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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