CIF -- means Cost Insurance & Freight. That means shipper/trader has to pay the Cost of Shipment up to the ship, Insurance cost of cargo and Freight cost up to destination port. FOB -- stands for Free On-Board which means shipper/trader pays only costs up to the ship and Insurance cost, but freight charges is payed by the Buyer/Consignee. C&F -- Cost and Freight. Ex Works -- Ex Works (EXW) at a named point of origin (examples are: ex factory, ex mill, ex warehouse). Under this term, the price quoted applies only at the point of origin and the seller agrees to place the goods at the disposal of the buyer at a specified place on the date or within the period fixed. All other charges are for the account of the buyer.
