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https://www.investopedia.com/ask/answers/020215/what-difference-between-cif-and-fob.asp
Feb 27, 2020 · Cost, Insurance, and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a …
https://freighthub.com/en/blog/cif-incoterm/
Feb 22, 2018 · CIF Incoterm: Meaning and Rules for Your Freight. CIF Incoterm: Meaning and Rules for Your Freight ... Rules of Cost Insurance Freight incoterm. ... it is important that the seller and buyer have an express agreement on the point of delivery and any extra requirements that may be required by the buyer from the seller.
https://www.investopedia.com/terms/c/cif.asp
Mar 21, 2020 · Cost, Insurance and Freight - CIF: Cost, Insurance and Freight (CIF) means the seller pays costs, freight and insurance against the buyer's risk of loss or damage in transit to destination.
https://www.i-law.com/ilaw/doc/view.htm?id=40278
Point of ‘delivery’ in CIF contracts I would hope that all those reading this article will be familiar with the CFR and CIF terms and the fact that ‘delivery’ takes place when the seller delivers the goods ‘on board the vessel at the port of shipment on the date or within the agreed period’ (INCOTERMS clause A4).
https://www.incotermsexplained.com/delivery/
If a place of delivery has not been agreed, and there is more than one carrier, then by default it is taken to be the point where the goods are taken in charge by the first carrier. For the “sea and inland waterway” rules “ CIF Cost Insurance and Freight “, “ CFR Cost and Freight “, the goods are deemed to be delivered when placed on board the vessel for transport to the place of destination.
https://internationalcommercialterms.guru/incoterms-cif/
CIF – Cost, Insurance and Freight paid to (Port of Destination) - Incoterms 2020 Explained. In CIF terms, the seller clears the goods at origin places the cargo on board and pays for insurance until the port of discharge at the minimum coverage.
https://www.searates.com/reference/incoterms/cif/
The seller's obligation ends when the documents are handed over to the buyer. Then, the buyer has to pay at the agreed price. Another point to consider is that CIF should only be used for non-containerized seafreight; for all other modes of transport it should be replaced with CIP.
https://www.morethanshipping.com/should-i-buy-cif-or-fob/
Nov 14, 2011 · Why buy CIF? Importers generally buy CIF if they are new in international trade or they have very small cargo. It is a more convenient way of shipping since they don’t have to deal with freight or other shipping details, but you must realize that you are …
https://andrewminalto.com/cnf-cif-fob-explained/
Instead, go for FOB because it will be cheaper than paying extra fees to your shipping agent to cover local delivery/export fees in China. CIF & CNF. CIF — Cost, Insurance and Freight. For CIF, the price also includes sea freight charges and insurance to deliver the goods to YOUR nearest port. But remember, it’s only to the port.
https://www.medey.com/wp-content/uploads/2017/02/DELIVERY-transfer-of-risk-and-transfer-of-title.pdf
DELIVERY UNDER INCOTERMS In global trade, "delivery" refers to the seller fulfilling the obligation of the terms of sale or to completing a contractual obligation. "Delivery" can occur at any point in the physical movement of the cargo. Incoterms describe the seller’s responsibility to “deliver the cargo to a specified or ‘named’ place”.
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