qrtly out - where has the cash gone?, page-30

Thanks guys. Its still not clear:

FOB - The Seller delivers the goods on board the ship and clears the goods for export. From that point, the Buyer bears all costs from the port of shipment (ie Port Hedland).

CFR - The Seller delivers the goods on board the ship, clears the goods for export and bears all costs to the port of destination (ie China).

So AGO is quoting costs on the basis that the buyer is paying for shipping but quoting revenue on the basis that AGO is paying for shipping; this to me means AGO's costs per tonne are the FOB figures quoted of $42 to $45 plus shipping costs per tonne (?).

Not a major issue, just trying to clarify the picture and the margin being made.

Diagram of Incoterms 2010:
http://www.i-b-t.net/incoterms.html