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Steel Knowledge · Wholesale & Export
Incoterms for Steel Export
The three Incoterms that cover almost all bulk steel exports, and what each means for cost and risk.
| Term | Seller pays | Risk passes |
|---|---|---|
| FOB (Free On Board) | To ship’s rail at load port | At load port |
| CFR (Cost & Freight) | Freight to destination port | At load port |
| CIF (Cost, Insurance, Freight) | Freight + marine insurance | At load port |
Under all three, risk passes when goods are loaded — the difference is who arranges and pays freight and insurance. FOB suits buyers with their own freight rates; CFR/CIF let us handle shipping to your port. We quote all three (Incoterms 2020) — see container vs break-bulk and CIF supply.
Frequently asked questions
What is the difference between CFR and CIF?
CIF adds marine cargo insurance that the seller arranges; CFR is the same but without insurance.
Which Incoterm is best for a first-time importer?
CIF — we handle freight and insurance to your port, simplifying the transaction.
Do you quote FOB European ports?
Yes — FOB, CFR and CIF from European and mill load ports (Incoterms 2020).
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