First of all, the answer upstairs is seriously wrong, and the FOB CIF risk points are all on the ship. The following formula can be seen clearly, which can't be compared in thousands of words: FOB port of shipment (CFR) is based on FOB plus freight, and CIF is based on FOB plus freight and insurance, that is, FOB CFR= cost+freight CIF = cost+insurance)+freight, but sometimes it is necessary to say a little more: FOB refers to delivery on board the ship at the port of shipment. CIF means cost plus insurance. From the perspective of risk transfer, FOB and CIF are exactly the same, and the boundary is that the goods cross the ship's rail. The risks borne by the seller are all risks before the shipment of the goods crosses the ship's rail, and the risks after crossing the ship's rail are borne by the buyer. FOB export, because there is no need to worry about the change of insurance premium and freight, so there are fewer factors to consider when pricing, it is easy to price, and the quotation will be relatively low. CIF price includes insurance and freight, so it is higher than FOB price. But similarly, the seller who adopts CIF price will take the initiative when delivering the goods, and FOB must deliver the goods, otherwise the expenses such as warehouse damage and demurrage incurred therefrom will be paid by the seller. CIF includes freight and insurance paid by the seller, while FOB does not include transportation and insurance. The rest are the same in customs procedures and risk transfer. When the loading port crosses the ship's rail, all risks are transferred.
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