Incoterms 2020 FOB and CIF

International Trade Rules, widely known as Incoterms, are updated every ten years. Incoterms define the conditions for the worldwide exchange of goods, namely the allocation of costs and obligations between the buyer and the seller. The latest Incoterms 2020 came into force on January 1, 2020. Of the eleven existing rules, especially two, are widely used in import – FOB and CIF. Check what the differences between Incoterms 2020 FOB and CIF are.

Incoterms 2020 FOB and CIF
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