stackyFACTSInternational trade is terrifying when your goods are floating on a stormy ocean.
International trade is terrifying when your goods are floating on a stormy ocean. Enter Incoterms like FOB (Free On Board) and CIF (Cost, Insurance, and Freight). These dry acronyms are the only things stopping international brawls when a container falls overboard. FOB means the buyer cries if the ship sinks mid-voyage, while CIF means the seller's insurance has to cover the maritime disaster. They are the ultimate 'not my problem anymore' clauses in global commerce.
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