Thanks very much for your trust!
FOB ,CNF ,CIF is the most common price form.
Fob(port name--in your supplier country ) price---the price including all the fees before loading the goods on the boat,this part cost should be paid your supplier. Then all the fees between the boat starting and your place is paid by your party (mainly including the ocean shipping cost,insurance and so on ).In this price form ,you should find the forwarder by yourself . It's much better for you to choose this form. Because the good possession rights is only standed for by B/L which is issued by the forwarder. Who have the B/L ,the goods belongs to who. So ,when you control the forwarder means you control the B/L in some point.
continue:
CNF (port name--in your country ) price---= FOB price +the ocean shipping cost, usually the supplier find the forwarder
CIF (port name--in your country ) price---= CNF+insurance , usually the supplier find the forwarder
T/T is the payments terms, when pay the money to the supplier by electrical. Usually 30% in advance as the deposit ,and the balance 70% against the copy of the B/L ,and so on .(depend on your negotiation with your supplier )
L/C is the saftest pay terms for both sides ,but much expenses arise in the bank . This payments means that the final direct payer is bank ,not the buyer. Of course ,the money is buy's . Under this payments terms , the L/C the only rules of paying . When the supplier submit all the documents and fulfil their duty strictly according to L/C articles . The articles are negotiated by your party and your supplier.
Also have the D/P ,D/A parments terms , but it's not accepted by the supplier for the first order or unfamouse buyer. Because ,it's not safe enough for them.
I hope my above information will help you in some way! If need further information, contact me at below clues :
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