China -  Chinese law firm

What is the effect of the various terms (e.g. FOB, CIF, etc.) governing a sellerís shipment obligations?

(a): These terms establish how much of the shipping process the seller is responsible for. The seller is also responsible for the risk of loss until they have fulfilled their obligations under the chosen terms. FOB, for example, means that the seller has fulfilled their obligations when they have delivered the goods onboard the transport ship, requiring they have been cleared for export. CIF, on the other hand, requires the seller additionally contract for the carriage of the goods, paying for the shipping cost and insurance on the goods.

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