Under the terms of FOB and CIF transportation, what actions do SALER and BUYER need to do, and how t

There are too few points, too lazy to write, look up on the Internet.

The responsibilities borne by the buyer and seller (transportation, insurance, import and export procedures, etc.) and the costs borne by the buyer and seller (the costs related to the above liabilities) are different.

That is, the FOB buyer is responsible for the sea freight and insurance costs.

The CIF seller is responsible for sea freight and insurance.

CFR The buyer is responsible for the insurance premium, and the seller is responsible for the sea freight.

Explanation:fob

Buyer. 1. Responsible for sending ships to receive goods.

Seller. 1. The goods shall be loaded onto the ship designated by the buyer within the port of shipment and the specified time limit specified in the contract, and the buyer shall be notified in time that the goods will cross the ship when loading, (now the textbook does not say that it is the ship's side, note that if the ship's side is written, it will be wrong) The risk is transferred from the seller to the buyer.

cif

The buyer bears all risks after the goods cross the ship's side.

Responsible for the usual freight and other expenses from the port of shipment to the port of destination after shipment.

Handle the import and pay for the goods.

Seller. Arrange transportation, pay the freight to the port of destination, and notify the buyer in time.

Bear all risks before the cargo crosses the ship's side.

Apply for insurance and pay premiums.

Handle the export and provide the corresponding documents.

cfr

Responsibilities of the seller: 1. Responsible for delivering the goods in accordance with the contract to the ship at the port of shipment and transporting them to the designated port of destination within the date or period specified in the contract, and giving the buyer full notice.

2. Responsible for handling the export procedures of goods and obtaining export licenses or other approval certificates.

3. Responsible for chartering or booking, and paying the normal freight to the port of destination.

4. Bear all the costs and risks of the goods before they cross the ship's side at the port of shipment.

5. Responsible for providing commercial invoices and ordinary transport documents for goods to the agreed port of destination, or commercial invoices and other electronic information with the same effect.

6. Provide insurance information according to the buyer's requirements.

Buyer's responsibility: 1. Responsible for paying the price according to the contract.

2. Responsible for handling the import procedures of goods and obtaining import licenses or other approval certificates.

3. Responsible for all costs and risks after the goods cross the ship's side at the port of shipment.

4. Receive the goods according to the provisions of the contract and accept the transport documents.

1. FOB Seller's Responsibilities:

Deliver the goods in accordance with the provisions of the contract, go through the export customs clearance procedures, load the goods on the ship designated by the buyer according to the usual port practice within the agreed shipping period and port of shipment, and send notice to the buyer that the goods have been loaded on the ship, and bear all the risks until the goods cross the ship's side at the port of shipment.

2. FOB Buyer's Responsibility:

Charter, book the vessel and inform the seller of the name of the vessel and the date of arrival and loading. Bear all risks after the cargo crosses the ship's side at the port of shipment. Handle import license and import customs clearance procedures.

3. CFR Seller's Responsibilities:

Responsible for chartering and booking and paying freight, loading the ship at the port of shipment within the agreed time limit, and sending a notice of loading to the buyer in a timely manner. Bear all the costs and risks before the goods cross the ship's side at the port of shipment, and go through the export customs clearance procedures.

4. CFR Buyer's Responsibilities:

Bear all costs and risks after the goods have crossed the ship's side at the port of shipment. to accept the goods delivered by the carrier at the designated port of destination.

5. CIF Seller Responsibilities:

Responsible for chartering and booking, loading the goods on board the ship within the specified port of shipment and time limit, and paying the freight for the goods to the port of destination, and notifying the buyer after the goods are loaded. Bear all the costs and risks of the goods before they cross the ship's side at the port of shipment, handle freight insurance, and handle export customs clearance procedures.

6. CIF Buyer's Responsibility:

Bear the risks and expenses of the goods after they cross the ship's side at the port of shipment, go through the import customs clearance procedures, accept the documents or electronic messages provided by the seller, and pay the price according to the contract.

The responsibilities (transportation, insurance, import and export procedures, etc.) and the costs (costs related to the above liabilities) are different between the buyer and the seller. i.e., FOB Buyer is responsible for sea freight and insurance, CIF Seller is responsible for sea freight and insurance, CFR Buyer is responsible for insurance and seller is responsible for sea freight.

FOB Explanation, International Terminology, Group F Terminology, Summary of Variations of FOB: Free

onboard(..named

portofshipment), i.e. free on board (......) at the port of shipmentSpecify the port of shipment). This term refers to the delivery of the goods by the seller to the vessel nominated by the buyer at the agreed port of shipment.

In China's foreign world, the main terms often used are FOB, CFR and CIF. In recent years, with the development of container transport and international multimodal transport, the use of FCA, CPT and CIP terms has also increased. Therefore, first of all, we should have an understanding of the interpretation and application of these main terms.

Similarities: 1. The applicable mode of transportation is the same: water transportation.

2. The boundary of risk division is the same: the port of shipment.

That is, in terms of the risk assumed by the seller or buyer: FOB CFR = CIF

3. The place of delivery is the same: on board the port of shipment.

4. The person responsible for the import and export procedures is the same: the export procedures are handled by the seller, and the import procedures are handled by the buyer.

Differences: The responsibilities (transportation, insurance, import and export procedures, etc.) and the costs (costs related to the above liabilities) are different between the buyer and the seller. i.e., FOB Buyer is responsible for sea freight and insurance, CIF Seller is responsible for sea freight and insurance, CFR Buyer is responsible for insurance and seller is responsible for sea freight.

If the transaction method is CIF, then the commercial invoice must list the value of the goods (total FOB amount), sea freight, insurance premium, and total CIF amount.

If the transaction method is CFR, then the commercial invoice must list the value of the goods (total FOB amount), sea freight, and total CFR amount.

If the transaction method is FOB, then the sea freight cannot appear on the commercial invoice.

In CFR terms, the seller is not insured.

If you encounter this kind of problem in the future, it is recommended to check the library directly.

1. The three terms are applicable to maritime and inland waterway transportation, and their carriers are generally limited to shipping companies.

2. The three ** terms: the delivery point is the port of shipment, and the ship's side risk point is transferred from the seller to the buyer when it crosses the ship's side at the port of shipment.

3. Fees: The seller shall bear all the costs of the goods before they cross the ship's side at the port of shipment.

4. Bill of lading: The seller shall submit the bill of lading that has been loaded and cleaned to the buyer.

5. Shipment notice: The seller shall send a shipment notice to the buyer in time before and after shipment.

6. Risk point: The risk is transferred to the buyer after the seller loads the goods on the ship at the port of shipment.

7. The buyer is responsible for the import customs clearance and costs at the port of destination; Shipment, land transportation, export declaration, and license handling at the port of shipment are all handled by the seller.

8. The seller has the obligation to arrange the booking and allocation of the vessel at the port of shipment.

Differences between FOB CFR and CIF** terms.

1. **The nature of the port after the term is different, the port after FOB refers to the port of the seller's country, while the port after CFR and CIF refers to the port of the buyer's country.

2. The cost composition is different, ** is different. FOB** is to consider all the costs and profits of the goods from the purchase of raw materials, production to the loading of export declaration goods into the buyer's designated cabin, while CFR is on the basis of FOB** plus sea freight, and CIF is on the basis of FOB** plus sea freight and insurance premiums.

3. The object of payment of terminal operation fee is different. According to the principle of who pays the sea freight and who pays the THC fee, the THC fee in the FOB clause should be borne by the buyer, and the THC in CFR and CIF should be borne by the seller, the current domestic THC standard is 370 yuan for 20' cabinet, and 560 yuan for 40' large cabinet, and the THC fee should be clearly indicated in the ** contract.

4. Different insurance premium payment and handling: FOB and CFR insurance shall be handled by the buyer, and the seller shall notify the buyer before shipment; CIF insurance is handled and paid by the seller, who insures the insurance according to the terms of the contract, the terms of the insurance and gives the insurance policy to the buyer.

5. The time of informing the buyer of the shipping notice is different: FOB** and CFR inform the buyer of the loading content and shipping details before shipment, so that the buyer has sufficient time to apply for marine insurance of the goods, while CIF is insured by the seller and can inform the buyer of the shipping notice within a few days after shipment.

In the actual export business, if the goods have been loaded on the ship, they suffer from force majeure, natural disasters or accidents at the port of shipment or in transit, and the documents submitted by the seller have "discrepancies" with the provisions of L C, and the risks borne by the issuing bank are different from those borne by the issuing bank.

In CIF terms, the seller is insured at the port of departure, and in the event that the customer refuses to pay the chargeback, the seller can claim from the local insurance company with the policy.

In the case of FOB and CFR, the buyer handles the insurance, the policy is in the hands of the buyer, and the insurance company is mostly abroad, so it is difficult for the seller to claim compensation from the insurance company, especially in FOB terminology, the seller wants to find the buyer to designate the shipping company for chartering and booking.

The CIF seller is responsible for shipping, insurance.

The CFR seller is responsible for the shipping and pays for the shipping costs.

The FOB buyer is responsible for shipping and insurance.

Briefly, here are a few key points:

FOB: All responsibilities and expenses before departure (embarkation), including booking, loading, dock, customs clearance and other expenses.

CIF: All liabilities and expenses before arrival at the destination port FOB + Freight + Premium CFR: All liabilities and expenses before arrival at the destination port FOB + freight (i.e. past CNF).

According to the International Terminology 2010, the responsibilities of the seller under FOB terms are briefly explained.

FOB (Free on Board): delivered on board at the port of shipment and handed over to the carrier; transfer of risk after the cargo crosses the ship's side; Shipping costs are the responsibility of the buyer; Neither the buyer nor the seller is responsible for insurance, but since the buyer is responsible for transportation after the goods are delivered to the buyer, the risk is borne by the buyer, so the buyer is generally insured by the buyer; The seller is responsible for the export duties and the buyer is responsible for the import duties.

22.According to the International Terminology Interpretation 20101, the responsibilities of the seller under FOB terms are briefly stated.

According to the 2010 edition of the International Terms, FOB (Free on Board) means that the seller delivers the goods to the ship at the port of shipment, and the seller's liability ends at this time. Primary Responsibilities of the Seller under FOB Terms: Reasonable Delivery of the Goods:

The seller is obliged to deliver the goods to the vessel at the port of shipment at the time and location agreed in the contract. This includes loading the cargo onto the vessel and taking care of all costs and formalities associated with loading. Export customs clearance procedures:

The seller shall be responsible for handling the export declaration formalities and providing the required export certification documents to the relevant air lifting agency. The seller needs to ensure that the goods can be exported legally and pay the costs associated with the export. Respond to the risk of loss and damage to the silver goods and banquets:

The risk of loss and damage to any goods will pass to the buyer after the goods have been delivered to the ship. The Seller is required to take reasonable precautions to protect the Goods from any loss or damage before delivery of the Goods. Freight Payment:

The seller is required to pay the cost of transporting the goods to the port of shipment, including the costs of loading, transportation, unloading, etc. However, once the goods are delivered to the ship, the responsibility for paying the freight will shift to the buyer. The seller's liability under FOB terms is limited to the delivery of the goods to the vessel and does not include liability for transport insurance.

If it is necessary to purchase shipping insurance to protect the goods from loss or damage, the buyer is responsible for purchasing the appropriate insurance in consultation with the seller.

Seller's Obligations:

1) At the time and place specified in the contract, deliver the goods specified in the contract to the ship designated by the buyer, and notify the buyer in time.

2) Bear all risks and costs before the goods cross the ship's side.

3) At your own risk and expense, obtain an export license or other official approval documents, and go through export declaration procedures.

4) Submit commercial invoices or electronic information with equivalent functions, and provide proof of delivery at your own expense.

FOB Buyer Obligations:

Sign the contract of carriage, pay the relevant freight, and notify the buyer of the name of the ship and the relevant situation in time.

Receive the goods according to the provisions of the contract and pay for the goods.

Bear all risks and expenses incurred after the goods cross the ship's side.

At your own risk and expense, obtain an import license or other official documents, and handle the import declaration.

CFR Seller Obligations:

1. Obligations under FOB.

2. The seller is responsible for chartering the ship, loading the goods on its designated ship, and paying the freight. Notify the buyer in time after shipment.

Buyer's Obligations: With FOB

The obligations under this item are the same.

CFR Seller Obligations:

CFR Obligations.

Add "in accordance with the contract, at your own expense for water transportation insurance, and provide insurance documents".

Buyer's Obligations: Obligations under the CFR.

Same:1All are used for ocean transportation.

2.Place of delivery: port of exporting country.

3.Risk transfer boundary: the side of the ship at the port of shipment.

4.Export customs clearance is handled by the seller.

5.A clean bill of lading must be submitted.

Different: 1Insurance contract and payment of fees.

FOBCFR's insurance is covered by the buyer and CIF is covered by the seller.

2.Assumption of the contract of carriage and freight.

FOB is borne by the buyer, CIF

The CFR is the responsibility of the buyer.

3.**Compose.

FOB is the cost shed beam price.

CFR stands for Cost and Freight.

CIF stands for Cost & Freight Plus Insurance.