The trade terms "FOB" and "CIF" are defined by which of the following:

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FOB and CIF are both Incoterms, which are a set of internationally recognized trade terms used to define the responsibilities and obligations of buyers and sellers in an international transaction. The Uniform Commercial Code pertains specifically to domestic transactions within the United States, and the Revised American Foreign Trade Definitions are not a recognized standard in international trade.

The Trade Terms "FOB" and "CIF" Are Defined by Which