8 major international trade terms for ocean shipping: 1. EXW (Ex Works), 2. FOB (Free On Board), 3. CFR (Cost and Freight), 4. CIF (Cost, Insurance and Freight), 5. CPT (Carriage Paid To), 6. CIP (Carriage and Insurance Paid To), 7. DAP (Delivered At Place), 8. DDP (Delivered Duty Paid).

7 major international trade terms for air transport: 1. EXW (Ex Works), 2. FCA (Free Carrier), 3. CPT (Carriage Paid To), 4. CIP (Carriage and Insurance Paid To), 5. DAT (Delivered at Terminal), 6. DAP (Delivered at Place), 7. DDP (Delivered Duty Paid).

Choosing the right international trade terms requires comprehensive consideration of many factors, including the nature and value of the goods, the mode of transportation, the trade environment of the destination country, the cooperative relationship between buyers and sellers, and risk management and insurance.

International trade terms (Incoterms) are international standards developed by the International Chamber of Commerce (ICC) to regulate the division of responsibilities, costs and risks between buyers and sellers in global trade.

11 International Trade Terms: 1. EXW (Ex Works) 2. FCA (Free Carrier) 3. CPT (Carriage Paid To) 4. CIP (Carriage and Insurance Paid To) 5. DPU (Delivered at Place Unloaded) 6. DAP (Delivered at Place) 7. DDP (Delivered Duty Paid) 8. FAS (Free Alongside Ship) 9. FOB (Free on Board) 10. CFR 11. CIF

CIF is one of the international trade terms, and its full name is Cost, Insurance, and Freight, which means "cost, insurance and freight". Under this term, the seller is responsible for all costs of transporting the goods to the designated port of destination.