WebMay 9, 2024 · CIF - Cost, Insurance and Freight (Category C) Seller responsibilities for the CIF Incoterm are fairly similar to that of the CFR Incoterms. The one added difference is that the seller will have to provide insurance coverage for the goods during the transport step. Beyond this, the responsibilities of the seller and buyer remain the same.
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CIF Incoterms - Cost, Insurance and Freight - Explained - Wise
WebIn 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. Even though the seller pays for insurance during the main carriage, the … WebSep 5, 2024 · The pros and cons of buying CIF. When you buy CIF, there are pros and cons, like: Pros of buying CIF. Buying CIF means the shipping details are handled for you. There’s a lot less headache, and the seller is responsible for the cost of shipping, rather than having to pay it yourself³. Cons of buying CIF WebOct 22, 2024 · Cost, Insurance, and Freight (CIF) vs. Free on Board (FOB): An Overview . Cost, insurance, and freight (CIF) and free on board (FOB) are international shipping … sharing a kindle account