Q: Should I buy zippers on FOB or CIF terms?
FOB and CIF place different risks and costs on the buyer. Under FOB, the supplier delivers the goods on board the vessel at the named port, and the buyer arranges and pays the main freight and insurance. Under CIF, the supplier pays the freight and insurance to the named destination port, but the risk still passes at the ship's rail, so the buyer's insurance claim route matters. The choice depends on who has better freight rates, who wants control of the forwarder, and how much administrative work the buyer can handle. For a first order, CIF is simpler because one party coordinates the movement; for a regular programme, FOB often gives better visibility and cost control. Ask for both prices and compare the total landed cost, including insurance, port charges and inland delivery. Confirm the named port and the Incoterm version. Check what the CIF insurance covers, because a minimum cover may not be enough for a high-value shipment.