FOB, CFR and CIF explained for industrial buyers

FOB (Free On Board): we deliver the goods on board the vessel at the port of shipment. Freight and insurance are arranged by the buyer.

CFR (Cost and Freight): we arrange and pay freight to the destination port. Risk passes to the buyer when goods are loaded.

CIF (Cost, Insurance and Freight): as CFR, plus we arrange minimum cargo insurance to the destination port.