What are the full names of the two abbreviations CIF and CFR, and what do they mean in Chinese?

COST AND FREIGHT...Named port of destination, abbreviated as CFR. The original abbreviation of the cost and freight term is C&F. It is a traditional and commonly used international trade term. When using this trade term, the seller

You need to be responsible for entering into a transportation contract, loading the goods onto the ship at the shipping port according to the time specified in the sales contract, and paying the freight for transporting the goods to the destination, but the risk of the goods occurs after the goods cross the ship's rail at the transshipment port.

The risk of loss or damage and all additional costs arising from the occurrence of unforeseen events shall be borne by the buyer.

This is different from the free on board (FOB) terminology.

COST INSURANCE AND FREIGHT NAMED PORT OF DESTINATION (abbreviated as CIF) "Cost INSURANCE AND FREIGHT NAMED PORT OF DESTINATION" is a traditional and commonly used international trade term. When using this trade term, the seller shall not bear the "cost"

In addition to the same obligations as "cost plus freight" (CFR), the seller should also be responsible for transport insurance and pay the insurance premium. However, the seller's obligation is limited to insuring the lowest insurance coverage, that is, Ping An Insurance. As for the risk of the goods, it is the same as "cost plus freight".

"(CFR) and free on board (FOB) conditions are the same, both are transferred from the seller to the buyer when the ship passes the ship's rail at the port of shipment.