Dec 3, 2025 · Cost, Insurance, and Freight (CIF) is an Incoterm used in an international shipping to determine which party is liable during the transport of cargo overseas or via a waterway.

Feb 20, 2025 · Cost, Insurance and Freight (CIF) is an Incoterm rule that is identical to the CFR Incoterm rule except in one aspect: insurance. Even though the risk transfers to the seller upon …

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 on board.

Aug 17, 2024 · Gain a comprehensive understanding of CIF Incoterms in 2024. Learn how sellers cover costs until goods are loaded, shipped, and insured at the named port.

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 represents the …

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.

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 documentation issues, …

Standardized by the International Chamber of Commerce, CIF is a testament to streamlined trade. But what exactly does it denote? CIF stands for Cost, Insurance, and Freight. The seller covers all …

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 Incoterm …

Jun 11, 2025 · CIF (Cost, Insurance, and Freight) is a well-known Incoterm for sea transport. The seller pays for the goods, the main journey to the named destination port, and arranges minimum …