Dec 3, 2025 · CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway shipment.

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In CIF terms, the seller pays for insurance until the goods reach the port of discharge. The seller pays for insurance during transport, but the buyer is responsible for the goods once they are …

Oct 6, 2023 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which …

Oct 16, 2025 · As an importer or exporter, do you know what you're responsible for under the CIF Incoterm? We list the obligations for both buyer and seller when operating under the CIF …

Nov 11, 2024 · Cost, Insurance, and Freight (CIF) is one of the most widely used Incoterms (International Commercial Terms) for shipping, especially for maritime transport. When CIF …

Aug 17, 2024 · CIF, or Cost, Insurance, and Freight, is one of the 11 Incoterms defined by the International Chamber of Commerce (ICC). It is used for sea and inland waterway transport.

In logistics, "Cost, Insurance, and Freight (CIF)" is a shipping term where the seller covers the cost of goods, insurance, and transportation to the buyer's designated port, with the risk …

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Jan 21, 2025 · CIF (Cost, Insurance, and Freight) is an Incoterm defined by the International Chamber of Commerce (ICC) under Incoterms 2020, used for sea freight and inland waterway …