CIFFOB is the first registed trade mark of the corporate. The name of CIFFOB is simply comed from the most common international terms of trade: CIF and FOB. You can learn more about the name by reading full story. Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are at the heart of world trade. Among the best known Incoterms are EXW (Ex works) , FOB (Free on Board) , CIF (Cost, Insurance and Freight) , DDU (Delivered Duty Unpaid) , and CPT (Carriage Paid To) . ICC introduced the first version of Incoterms-short for "International Commercial Terms"-in 1936. Since then, ICC expert lawyers and trade practitioners have updated them six times to keep pace with the development of international trade