🌍 What is FOB and CIF? | Why These Terms Are Crucial in International Trade | Rajnish Sir | CIES 

What is FOB and CIF? | Importance in Import-Export Business | Rajnish Sir | CIES
🌍 What is FOB and CIF? | Why These Terms Are Crucial in International Trade |Rajnish Sir
In this video, Rajnish Sir from Connecting India Exim Solution CIES will dive deep into two critical terms in the world of international trade - FOB Free on Board and CIF Cost, Insurance, and Freight . Understanding these terms is crucial for anyone involved in the import-export business . If you want to avoid costly mistakes and make informed decisions when shipping goods, this video is for you!
What You'll Learn in This Video:
What is FOB? : Learn the meaning of Free on Board FOB , how it works, and when it’s used in shipping agreements. Understand the buyer's and seller’s responsibilities.
What is CIF? : Discover the importance of Cost, Insurance, and Freight CIF and how it differs from FOB. Find out who is responsible for costs and risks during shipping.
Key Differences Between FOB and CIF : Rajnish Sir breaks down the advantages and disadvantages of each term and when you should choose one over the other.
Why These Terms Matter in Export-Import : Explore why understanding FOB and CIF is essential for smooth international trade, including how it impacts your shipping costs, insurance, and risk management.
Real-life Scenarios in EXIM : Get practical examples of how FOB and CIF are applied in different export-import deals and what mistakes to avoid.
Why Should You Care?
Choosing between FOB and CIF can significantly affect your business's profitability, shipping costs, and overall risk. By knowing the difference, you can negotiate better contracts and protect your business from unnecessary losses.
🔔 Subscribe to our channel for more export-import insights from Rajnish Sir and become a pro in international trade.
💬 Drop a comment if you have any questions or need personalized guidance on FOB, CIF, or any EXIM terms.
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