FOB AND CIF
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2011
WHAT IS THE MEANING OF CIF NAD FOB BASISS.AND HOW CIF IS USED TO CALCULATE VALUE OF IMPORTS AND FOB TO CALCULATE VALUE OF EXPORTS
08 January 2011
FOB- means Free on board and CIF means- Cost Insurance Freight. On FOB price if we add the Insurance & transportion cost & landed cost we can arrive the CIF value. these values can arrive both Import & export goods.
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