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What's the difference between FOB&FOT and CFR ?

Question :What's the difference between FOB&FOT and CFR ?

Answer:

To FOB (FOB) terms negotiated sales contract says the seller to pay for the goods and bear the transport of goods to the port of shipment and loading costs. Purchaser is responsible for arranging shipping, unloading, transportation and insurance to the destination. When the goods pass the ship's rail, the risk of loss of or damage ring is shifted from the seller to the buyer. Gondola delivery (FOT) and the former is similar to the requirements for the party, but the goods transported by road to the customer. In contrast to cost and freight (CFR) basis to reach a contract requires the seller to pay in addition to the time, but also ask them to arrange and bear the cost of goods shipped to the port of destination, but the risk in the goods pass the ship's rail freight will be by the seller transferred to the buyer. Also likely needs to be noted is that the seller will provide the appropriate marine insurance. (Cost and freight (C & F) and Cost, Insurance and Freight (CIF) is replaced by the term a few years ago.)

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