What is FO (Free Out)

A term in pricing which indicates that the charterer of the ship will be responsible for the value of loading products from the ship

What is FOB (Free on board)

a term of pricing which shows the mentioned price on documents covers all the costs including the transfer of products on the overseas ship provided or for the customer.

What is (Ex)

A pricing term under which the vendor's only obligation would be to clear the goods for export and also make them accessible to the purchaser at an agreed-upon place (factory, warehouse, ship, etc.). The customer then bears the full cost and risk involved in transporting the product to his desired location. Other terms used are "Ex Works," Ex Ship," and "Ex Quay."

What is CIF (Cost, Insurance and Freight)

A pricing idiom that shows the price of products, insurance and cargo is added in the pricing quote.

What is CNF (CFR) (Cost and Freight)

A pricing idiom that shows the price of products and cargo is added in the pricing quote, yet the price of insurance will be paid by the customer.