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https://www.investopedia.com/terms/c/cif.asp
Mar 21, 2020 · CIF is one of the international commerce terms known as Incoterms which are common trade rules developed by the International Chamber of Commerce (ICC) in 1936. The ICC established these terms to govern the shipping policies and responsibilities of buyers and sellers, who engage in international trade.
https://howtoexportimport.com/What-is-CIF-terms-of-delivery-in-Exports-and-Impor-25.aspx
In other words, all delivery expenses up to New York is borne by the seller. Apart from the same, under CIF terms of delivery, Insurance of goods also must be arranged by you as a seller. Once reached the cargo in New York, the buyer takes delivery of cargo after customs clearance at his own cost after paying duties or tax if any.
https://www.investopedia.com/ask/answers/020215/what-difference-between-cif-and-fob.asp
Feb 27, 2020 · Cost, Insurance and Freight and Free on Board are international shipping agreements used in the transportation of goods between a buyer and a seller. CIF is considered a more expensive option when buying goods. FOB contracts relieve the seller of responsibility once the goods are shipped.
https://internationalcommercialterms.guru/incoterms-cif/
In CIF terms, the seller clears the goods at origin places the cargo on board and pays for insurance until port of discharge at minimum cover. Even though the seller pays for insurance during the main carriage, the risk is transferred to the buyer at time the goods are on board. This term is commonly used in bulk cargo, oil and oversized.
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 and Freight “, “ CIF Cost Insurance and Freight “. Consider this rule...
https://freighthub.com/en/blog/cif-incoterm/
Feb 22, 2018 · CIF stands for Cost, Insurance, and Freight. As defined in Incoterms® 2010, CIF means that the seller is required to deliver the goods on board the vessel or procures the goods already so delivered. Rules of Cost Insurance Freight incoterm
https://www.aitworldwide.com/Incoterms-CIF
CIF applies to ocean or inland waterway transport only. It is commonly used for bulk cargo, oversized or overweight shipments. If the freight is containerized and delivered only to the terminal, use CIP instead. If using CIP instead, insurance coverage defaults to all-risk; however, the parties may negotiate a lower coverage requirement.
https://www.investopedia.com/ask/answers/072815/what-difference-between-cost-and-freight-cfr-and-cost-insurance-and-freight-cif.asp
Apr 10, 2019 · Cost and freight (CFR) is a trade term that requires the seller to transport goods by sea to a required port. Cost, insurance, and freight (CIF) is what a seller pays to cover the costs, insurance, and freight against the potential damage of loss of a buyer's order.
https://www.investopedia.com/terms/c/carriage-and-insurance-paid-cip.asp
Jul 31, 2019 · Cost, insurance, and freight (CIF) is a method of exporting goods where the seller pays expenses until the product is completely loaded onboard ship.Author: Will Kenton
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