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   What is an Incoterm CIF?

   • CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. When purchasing internationally, the seller is responsible for exporting the cargo and shipping it until they arrive at the destination port, while insuring the cargo throughout the voyage.

   CIF Incoterms: What CIF Means and Pricing - Guided Imports

   guidedimports.com/blog/what-does-cif-mean-incoterms/

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   What are the responsibilities of the seller under the Incoterm CIF?

   • Insurance: Under CIF Incoterms, the seller is responsible for obtaining insurance policy on the shipment, up until the port of destination. One the cargo is loaded onto the vessel, the seller transfers the shipment and all risks to the buyer.

   CIF Incoterms: What CIF Means and Pricing - Guided Imports

   guidedimports.com/blog/what-does-cif-mean-incoterms/

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   What is the difference between CIF and FOB?

   • The main differences between CIF and FOB lie in who assumes responsibility for the goods during transit. Under a CIF agreement, the seller assumes the costs and risks associated with transport until delivery, which is when the buyer assumes responsibility.

   CIF vs. FOB: What's the Difference? - Investopedia

   www.investopedia.com/ask/answers/020215/what-difference-between-cif-and-fob.asp

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   What is the meaning of CIF in import and export?

   • Cost, insurance, and freight (CIF) is an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit. Cost, insurance, and freight only applies to goods transported via a waterway, sea, or ocean.

   What Is Cost, Insurance, and Freight (CIF)? - Investopedia

   www.investopedia.com/terms/c/cif.asp

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2. www.investopedia.com › terms › cCost, Insurance, and Freight (CIF) Definition, Rules, and Example

   www.investopedia.com › terms › c

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   Sep 18, 2023 · CIF is an international shipping agreement that covers the costs, insurance, and freight of a buyer's order while in transit. Learn how CIF works, when the risk and cost transfer, and the special considerations for this Incoterm.

3. internationalcommercialterms.guru › incoterms-cifCIF – Cost, Insurance and Freight paid to (Port ... - Incoterms

   internationalcommercialterms.guru › incoterms-cif

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   CIF is a term for ocean and inland waterway transportation that transfers the risk of loss or damage to the buyer at the port of discharge. The seller pays for insurance, freight, and export clearance, while the buyer pays for unloading, insurance, and import clearance costs. Learn the details of CIF with examples and the obligations of both parties.

4. guidedimports.com › blog › what-does-cif-mean-incotermsCIF Incoterms: What CIF Means and Pricing - Guided Imports

   guidedimports.com › blog › what-does-cif-mean-incoterms

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   CIF is a shipping agreement where the seller pays for cost, insurance, and freight to the destination port. Learn what CIF means, what the buyer and seller responsibilities are, and the advantages and disadvantages of using CIF for international trade.

5. Videos

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     Explained about basic INCOTERMS for beginners! EXW/FOB/CFR/CIF/DAP/DDP.

     Apr 5, 2021

     294.9K Views

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     Difference between CIF and CFR incoterms | CIF vs CFR Incoterms | CIF and CFR incoterms explained

     Dec 19, 2023

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     Incoterms for beginners | Global Trade Explained

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6. www.incotermsexplained.com › the-incoterms-rulesCost Insurance & Freight - Incoterms Explained

   www.incotermsexplained.com › the-incoterms-rules

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   CIF is a sea or inland waterway rule that requires the seller to arrange and pay for transport to named port, and insurance for the goods until they are loaded on board the vessel. The rule does not require a minimum level of cover, but the level of cover may need to be addressed elsewhere in the commercial agreement.

7. www.aitworldwide.com › resources › incotermsIncoterms CIF - Cost, Insurance and Freight - AIT

   www.aitworldwide.com › resources › incoterms

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   Learn the definition, obligations and requirements of CIF (Cost, Insurance and Freight), an Incoterms term for sea and inland waterway transport. Find out how CIF differs from CIP (Cost and Insurance Paid) and other Incoterms terms, and how to use it for bulk cargo, oversized or overweight shipments.

8. tradefinanceglobal.com › incoterms › cif-price-costCIF (Cost, Insurance and Freight) Incoterms® [UPDATED 2024]

   tradefinanceglobal.com › incoterms › cif-price-cost

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   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 loading the goods on board the vessel, in CIF, the seller is obliged to take out insurance cover for the buyer’s risk.

9. iccwbo.org › business-solutions › incoterms-rulesIncoterms® 2020 - ICC - International Chamber of Commerce

   iccwbo.org › business-solutions › incoterms-rules

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   Learn about the latest version of the Incoterms® rules, which include CIF and CIP, and how to apply them in your international trade transactions. Find training courses, official certificate, app and list of registered trainers by country.