Cost Insurance and Freight

Tags: Logistics

Cost Insurance and Freight (CIF) is an incoterm that states that the seller is responsible for all costs (including freight, clearance and insurance) involved in delivering the goods to its specified destination port. The risk of loss or damage to the goods however passes to the buyer as soon as the goods are loaded on board the vessel.

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Related

Is a type of Incoterms®

Has acronym CIF