What are the similarity among FOBCFR and cif?

FOBCFR (Free on Board Cost and Freight) and CIF (Cost, Insurance, and Freight) are both Incoterms used in international trade that define the responsibilities of buyers and sellers regarding the transportation of goods. Both terms specify that the seller must pay for the transportation of goods to a specified port, but while CIF includes insurance coverage for the goods during transit, FOBCFR does not. Additionally, both terms place the risk on the buyer once the goods are loaded onto the shipping vessel, though the specifics of cost and insurance differ. Ultimately, both terms aim to clarify the obligations and liabilities of parties involved in shipping transactions.