Incoterms:

The International Chamber of Commerce (ICC) established a collection of

international commerce terms, known as Incoterms, which govern shipping
responsibilities for international trade.
A series of three-letter trade terms related to common contractual sales
practices, the Incoterms rules are intended primarily to clearly communicate
the tasks, costs, and risks associated with the transportation and delivery of
goods.
The purpose of establishing Incoterms was to facilitate trade by providing
standard contract terms that can easily be recognized in a variety of
languages.

Rules for sea and inland waterway transport

FOB Free on Board (named port of shipment)
CFR Cost and Freight (named port of destination)
CIF Cost, Insurance & Freight (named port of destination)

Definition of FOB according to Incoterms 2010 rules

FOB means Free on Board. According to incoterms 2010 rules, an exporter
(Seller) delivers the goods to the importer once the goods shipped on board
a named vessel at the port of loading.
Exporter neither arranges the transportation from port of loading to port of
discharge, nor pays for the freight cost under FOB terms.
Additionally exporter has no obligation against the importer in regards to
marine insurance.
Definition of CFR according to Incoterms 2010 rules
CFR means Cost and Freight. According to incoterms 2010 rules, an exporter
delivers the goods to the importer once the goods shipped on board a
named vessel at the port of loading just like the FOB Incoterms.
Exporter not only has to arrange the transportation from port of loading to
port of discharge, but also must pay for the freight cost under CFR terms.
Finally exporter has no obligation against the importer in regards to marine
insurance

Definition of CIF according to Incoterms 2010 rules

CIF agreements are nearly the same as CFR agreements. The seller is still
responsible for all arrangement and transport costs for shipping goods to
the agreed upon destination port. The receiver then resumes all cost
responsibilities once the ship has reached port.
The difference between the two agreements lies in one additional
responsibility that falls to the shipper. During the process of shipping, the
seller must also provide a minimum amount of marine insurance on the
goods being shipped, typically an amount agreed upon between the buyer
and seller.

Notes:
FOB & CFR should only be used for non-containerized sea freight and
inland waterway transport.
CIF can be used by any transport by sea and air not limited to
containerized or non-containerized cargo.