Glossary → CIF (Cost, Insurance and Freight)
CIF (Cost, Insurance and Freight)
CIF (Cost, Insurance and Freight) is an Incoterms rule for sea transport: the seller pays for delivery to the port of destination and for minimum insurance, but the risk of loss passes to the buyer as early as loading onto the vessel.
Under CIF the freight and insurance are already included in the price of the goods and therefore form part of the customs value. It is important to remember that paid-for delivery does not equal transferred risk — the risk passes at the port of shipment.
We will help you correctly calculate the payments and clear the cargo on CIF terms.
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