What does the breakdown of CIF/FOB quotation consist of?

Breakdown of CIF Quotation:

1. Product cost

2. Expenses from factory to port of shipment, including trucking fees, port charges, customs clearance fees, documentation fees, inspection fees, etc.

3. International shipping (full freight from the port of shipment to the buyer's designated destination port)

4. International cargo transportation insurance

5. Other miscellaneous fees (e.g., courier fees for documents, handling charges, included as needed)

 

Breakdown of FOB Quotation:

 

1. Product cost

2. Expenses from factory to port of shipment, including trucking fees, port charges, customs clearance fees, documentation fees, inspection fees, loading fees, etc.

3. Other miscellaneous fees (e.g., courier fees for documents, handling charges, included as needed)

 

Key Difference:

FOB quotation does not include international shipping and transportation insurance, which are to be covered by the buyer. In contrast, CIF quotation includes both, with the seller responsible for arranging shipping and insurance.