billing
, export
If an export invoice has “CIF” as its incoterm it means that the customer has to pay the cost of the product + insurance and freight.
My question is: can an invoice be “CIF” as a whole but the cost of the products be displayed as “FOB” ?
eg:
Here the 1200 boxes have a “FOB” price, but the invoice as a whole is “CIF”:
Quantity Item Unit Price Total Price
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1200 Boxes of cherries 9.5 11400 <--- FOB
Freight 2000
Insurance 1000
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Total CIF: 14400
Here the 1200 boxes include the price of the freight and insurance, meaning that the price of the products is CIF and the invoice as a whole is also CIF:
Quantity Item Unit Price Total Price
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1200 Boxes of cherries 12 14400
-------------------------------------------------------------
Total CIF: 14400
Are both ways correct?
Is one of these two ways “more correct” ?
There were no answers to this question.
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