【正文】
rice terms are CIF, CFR and FOB. The meanings of these terms are briefly as follows: CIF means the cost。 insurance and freight are included in the price quoted. CFR, originally termed as Camp。F, means only the cost and freight are included in the price quoted. FOB, which stands for free on board, means the goods should be placed on board a carrier at the point of shipment without charge to the buyer. The insurance and freight are, of course, not included in the price quoted. Letter1 Seller’s Acceptance Dear Sirs, Thank you for your counter offer of May 18 cotton shirts. We are pleased to confirm the following cable we have just dispatched. YOUR COUNTEROFFER MAY 18 ACCEPTED Please order, however, that we have specially accepted your request solely because we wish to make this the forerunner of many future orders from you. We hope you will send us your formal order by return, which we will execute with our best attention.