FOB (Freight on Board) and CIF (Cost-Insurance-Freight) are equally important terms that I need to understand before I set the final retail pricing of the goods that I am going to import.
By the way, I trade security equipment such as alarms, electronic door locks, biometrics, security camera, and other related equipment that will aid people to be more secure and more efficient in doing their businesses.
FOB or CIF? Which one do I ussually chose? Well, it depends on where I am. Of course I'd choose FOB if am going to shoulder the cost of shipping it to my storage at a lesser cost, let's say a balikbayan box type of door to door. CIF, if i need the manufacturer to just shoulder the headache and just wait for the package to come into my doorstep.
On my next posting, I am going to determine the customs duties that I need to pay when the package comes.
Cheers.
By the way, I trade security equipment such as alarms, electronic door locks, biometrics, security camera, and other related equipment that will aid people to be more secure and more efficient in doing their businesses.
FOB or CIF? Which one do I ussually chose? Well, it depends on where I am. Of course I'd choose FOB if am going to shoulder the cost of shipping it to my storage at a lesser cost, let's say a balikbayan box type of door to door. CIF, if i need the manufacturer to just shoulder the headache and just wait for the package to come into my doorstep.
On my next posting, I am going to determine the customs duties that I need to pay when the package comes.
Cheers.
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