Compare any two Incoterms side by side. See clearly who is responsible for transport, insurance, customs clearance, freight costs and where the risk transfers. Useful for negotiating terms with Indian suppliers.
Select two Incoterms to compare side by side. This shows what each party (buyer vs seller) is responsible for under each term.
FAQ
Common Questions
What are Incoterms?
Incoterms (International Commercial Terms) are standardised trade terms published by the ICC. They define who pays for what in an international shipment — who handles transport, insurance, customs clearance and at what point the risk transfers from seller to buyer.
Which Incoterm should I use for India exports?
For most India stone and furniture exports, FOB (Free On Board) or CIF (Cost, Insurance & Freight) are the most common. FOB means you arrange shipping from the port. CIF means the seller includes freight and insurance in the price.
What is the difference between FOB and CIF?
Under FOB, the seller loads goods onto the vessel at the origin port. The buyer pays for ocean freight, insurance and everything after. Under CIF, the seller pays for freight and insurance to the destination port, but the buyer handles customs clearance.
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