FOB/CIF - FOB CIF

Japanese: FOB･CIF - エフオービーシーアイエフ

A term indicating the terms of the transaction price that differ depending on who is responsible for the freight, insurance, and other incidental costs associated with the transportation of the cargo. FOB is an abbreviation for free on board and is translated as "free on board." FOB price (also called "free on board price" or "free on deck price") terms refer to a transaction condition in which the seller loads the cargo onto a ship anchored at a designated loading port arranged by the buyer, but the seller is responsible for all expenses incurred up to that point, including the loading onto the ship.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

貿易取引の当事者が貨物の輸送に係る運賃，保険料などの付帯費用をいずれが負担するかによって異なってくる取引価格の条件を示す用語。　FOBはfree on boardの略語で，〈本船渡し〉と訳される。FOB価格(〈本船渡し値段〉もしくは〈甲板渡し値段〉ともいう)条件とは，売主は，買主側が手配した指定船積港に停泊している船舶に貨物を積み込むが，この本船積込みを含め，それまでに生じたいっさいの経費は売主が負担する取引条件をいう。

出典　株式会社平凡社世界大百科事典第２版について　情報

<<: Ephoros (English spelling)

>>: FM broadcasting - FM broadcasting (English spelling)