Free On Board（离岸价）

Commonly known as delivery on board the ship at the loading port, the goods are loaded onto the ship designated by the buyer and notified to the buyer. After the goods are loaded on board, the risks arising thereafter are borne by the buyer.
Under FOB conditions, the seller shall bear the cost of domestic transportation to the port and handle export customs clearance procedures. In the actual operation process, taking sea freight as an example, the seller also needs to bear the RMB cost incurred in the sea freight.
For example, THC (container terminal loading and unloading operation fee), DOC (document fee), ISPS (port security fee), SEAL (seal fee) and other expenses in ocean freight.

Calculation formula for FOB：
FOB price=CFR price - freight
FOB price=CIF price - freight - insurance premium

COST AND FREIGHT（到岸价（不含保险））

The seller is responsible for delivering the goods to the destination port, and is responsible for domestic transportation costs, customs clearance costs, and sea freight costs, but does not include insurance premiums. Insurance can be purchased by the seller or not, and all risks before the goods arrive at the port shall be borne by the seller.

Formula for calculating CFR：
CFR price=FOB price+shipping cost
CFR price=CIF -insurance premium

Cost+ Insurance+ Freight（到岸价（含保险））

The seller is responsible for delivering the goods to the destination port, responsible for domestic transportation costs, customs clearance fees, as well as sea freight and insurance fees.

The calculation formula for CIF:
CIF=FOB price+freight+insurance premium
CIF=CFR price=insurance premium