Traditional Culture Encyclopedia - Hotel franchise - Ask about Business English CIF, CIP, FOB, FCA

Ask about Business English CIF, CIP, FOB, FCA

CIF cost,Insurance and Fewight(...named port of destination)

The literal translation is cost plus insurance plus freight (...named port of destination), also called The popular Chinese definition is: when the goods cross the ship's rail, the seller completes the delivery, in which the seller must pay the cost and freight of transporting the goods to the port of destination, but the risk after delivery is transferred to the buyer. , the seller needs to apply for marine cargo insurance and pay its costs.

If the two parties in CIF do not complete the delivery beyond the ship's rail, they need to use CIP (Carriage and Insurance Paid to) (...named). olace of destination) Literally translated, freight and insurance are paid to (...named port of destination)

FOB Free on Board (...named port of shipment) The seller after the goods cross the ship's rail at the designated port of shipment After completing the delivery, the buyer is responsible for all procedures, costs and risks after crossing the ship's rail.

FCA (Free Carrier) (...named place).

It means that the seller will deliver the goods that have gone through customs clearance procedures to the buyer at the designated place and complete the delivery obligation by selecting a carrier

As for the websites commonly used in business English, there are actually many of them

For example, you can get relevant information from China Customs Magazine/zazhi/

You can also get relevant knowledge from the English weekly website/syyy/swyy/

At the same time, you can also You can go to various customs declaration and inspection examination websites to get relevant information