When buying a Japanese used car for Guyana, the vehicle price is only part of the total cost. Shipping, insurance, port charges and other costs also matter.
What Are FOB, CFR and CIF?
These are Incoterms (International Commercial Terms) that explain who pays for shipping, insurance and where responsibility for the vehicle changes.
FOB – Free On Board
The seller delivers and loads the car onto the ship at the agreed port. Once loaded, the risk transfers to the buyer.
- Buyer pays ocean freight
- Buyer arranges insurance
- Buyer controls the shipping arrangements
Best for: Experienced buyers who already have shipping arrangements.
CFR / C&F – Cost and Freight
The seller arranges and pays for ocean freight to the agreed destination port. However, insurance is the buyer’s responsibility.
- Seller pays freight
- Buyer arranges insurance
- Risk transfers to the buyer when the car is loaded
Best for: Buyers who want the seller to handle shipping but can arrange their own insurance.
CIF – Cost, Insurance and Freight
The seller arranges and pays for shipping and marine insurance to the destination port. Insurance normally provides minimum cover unless otherwise agreed.
The important point is that risk still transfers when the car is loaded onto the ship, not when it arrives in Guyana.
Best for: First-time buyers who want a simpler shipping arrangement.
Quick Comparison
| Term | Freight | Insurance | Shipping Arranged By |
|---|---|---|---|
| FOB | Buyer | Buyer | Buyer |
| CFR | Seller | Buyer | Seller |
| CIF | Seller | Seller | Seller |
Remember the Other Costs
FOB, CFR or CIF does not necessarily include Guyana port fees, customs duties, taxes, registration, clearance or local transportation.
Always check what is included in your quotation.
Which Is Best for Guyana?
There is no single best option. It depends on your experience, budget, shipping arrangements and how much responsibility you want to handle.
For example, a car offered at US$8,000 FOB may look cheaper than one at US$9,000 CIF, but after adding freight and insurance, the difference may be much smaller.
Always compare the total cost, not only the car price.
Questions to Ask Your Exporter
Before buying, ask:
- Is the price FOB, CFR or CIF?
- What costs are included?
- Is insurance included?
- What costs will I pay in Guyana?
- Where does your responsibility end?
- What documents will I receive?
- Who handles customs clearance?
For first-time buyers, understanding the shipping term can help avoid unexpected costs.
At JTG Export, we help customers in Guyana find Japanese used cars based on their budget, preferred model, year, mileage and intended use, with a clear quotation and shipping information.
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