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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.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://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://freighthub.com/en/blog/cif-incoterm/
Feb 22, 2018 · The Incoterms® rules developed by the International Chamber of Commerce is the industry standard for the interpretation and usage of trading terms used in a contract of sale in domestic and international trade.. In this article, we will discuss the CIF Incoterm which is one of the 11 Incoterms® 2010 rules. We will look at what it is, where it is used, its advantages and disadvantages.
https://www.incotermsexplained.com/delivery/
Delivery. Under the Incoterms rules, “delivery” is linked to the transfer of risk and responsibility for the consignment from the seller to the buyer. Particular care must be taken with the “C” rules: “ CPT Carriage Paid to ”, “CIP Carriage and Insurance Paid to”, “CFR Cost …
https://www.incotermsexplained.com/the-incoterms-rules/the-eleven-rules-in-brief/cost-insurance-freight/
Cost Insurance and Freight (CIF) Use of this rule is restricted to goods transported by sea or inland waterway. In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. bulk cargos or non-containerised goods.
https://www.morethanshipping.com/should-i-buy-cif-or-fob/
Nov 14, 2011 · FOB and CIF are the two most popular price terms of the Inco terms. What are the differences? Should you buy CIF or FOB? A good rule of thumb when doing business in international trade is that you should buy FOB and sell CIF. Why is this a good rule to follow? The reason is very obvious. When you sell CIF you can make a slightly higher profit and when you buy FOB you can …
https://www.aitworldwide.com/Incoterms-CIF
Incoterms CIF is short for "Cost, Insurance and Freight." Under CIF Incoterms, the seller delivers goods onboard the vessel at the port of shipment, pays for transport and minimum insurance coverage.
https://howtoexportimport.com/Difference-between-CIP-and-CIF-507.aspx
Based on the above links, let me sum up with the following difference in CIP and CIF terms of delivery in Inco Terms. CIF terms of delivery is in force for many decades where as CIP has been introduced in Inco Terms 2010. Under CIF terms, freight is paid up to the depot of ship owner or his agent up to the destination mentioned in contract.
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