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 …

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.

Dec 27, 2024 · One commonly used term is CIF, short for Cost, Insurance, and Freight. But what is CIF exactly? CIF, an Incoterm created by the International Chamber of Commerce (ICC), …

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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 …

Jan 21, 2025 · In this article, we’ll break down the meaning of CIF, explore the obligations of sellers and buyers, examine how and when risk shifts hands, delve into insurance and …