FOB - Free On Board (FOB) means that the seller loads the shipment onto a vessel named by the buyer at the named port of shipment or that the buyer receives the goods as delivered. When the goods are loaded on board the vessel, the risk of loss of or damage to the goods passes to the buyer and all costs incurred thereafter are to be borne by the buyer.

CFR - Cost and Freight Cost and Freight (CFR) is a method of delivery in which the seller loads the goods on board the vessel or gives the buyer possession of the goods already loaded on board the vessel. When the goods are loaded onto the ship, the risk of loss of or damage to the goods passes to the buyer, whether or not the seller takes steps to ensure that the goods arrive at their destination in good condition. Under CFR terms, the seller is not obligated to insure the goods, so the buyer will need to consider insuring the goods themselves.

CIF - Cost, Insurance and FreightCost, Insurance and Freight (CIF) is a method of delivery in which the seller loads the goods on board the ship or gives the buyer access to the goods already loaded on board the ship. When the goods are loaded onto the ship, the risk of loss of or damage to the goods passes to the buyer, whether or not the seller takes steps to ensure that the goods arrive at their destination in good condition.