[speaker001:] What are your terms of sale?
[speaker002:] The price quoted is for CIF.
[speaker001:] My understanding is that CIF means the seller is responsible for prepaying shipping costs and arranging for the insurance policy.
[speaker002:] Yes, that is correct. We will arrange for the shipping costs and insurance policy.
[speaker001:] Is it possible to consider FOB? That way, we will handle the insurance through our broker.
[speaker002:] Yes, we could also make this arrangement,, if you prefer.