What Is the Difference Between CIF & FOB?

by W D Adkins, Demand Media

When you buy or sell goods across national boundaries, you and the other party must have a
clear understanding of the terms for moving those goods to their destination. CIF and FOB are
commonly used agreement models for international shipping. Each type of agreement specifies
which party is responsible for the goods and the point at which responsibility transfers from the
seller to the buyer