Fob , cif value
This query is : Resolved
Guest
Guest
(Querist)
16 June 2013
What is FOB Value & CIF Value.How to calculate these?
CMA Ramesh Krishnan
(Expert)
16 June 2013
FOB means Free On board Price, which represents the actual price quoted by the exporter, also called the price cleared by the exporter from their place.
CIF- Cost, Insurance, freight - In CIF price is FOB price plus freight and insurance need to be added
CIF- Cost, Insurance, freight - In CIF price is FOB price plus freight and insurance need to be added
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