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Billing methods

Various billing methods are used in the shipping industry, including:

Freight on Board (FOB): free on board and means that the exporter delivers the goods at the specified location. Example, FOB Kunming Airport (the exporter delivers the goods at Kunming airport).
Cost and Freight (C&F,CFR, CNF): With no insurance. The exporter pays the ocean shipping/air freight costs to the specified location. Example, C&F Los Angeles (the exporter pays the ocean shipping/air freight costs to Los Angeles).
Cost, Insurance, and Freight (CIF): Insurance, and Freight are all paid by the exporter to the specified location. Example, CIF Los Angeles (the exporter pays the ocean shipping/air freight costs to Los Angeles).



 

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