Apa itu Incoterms, free on board, cost insurance and freight?

Incoterms are the standard delivery terms published by the International Chamber of Commerce. Under free on board (FOB) the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment; risk passes there, and the buyer pays freight and insurance. Under cost insurance and freight (CIF) risk also passes on board at the port of shipment, but the seller contracts and pays for the carriage to the named destination port and for insurance against the buyer’s risk of loss.