CIF Incoterms：What Is Costs Insurance And Freight（CIF）？
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leelinesourcing.com
CIF Incoterms：What Is Costs Insurance And Freight（CIF）？
CIF is one of the incoterms that can make your international purchase more convenient. How does CIF compare to your other shipment choices? Let's start reading!
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What is CIF INCOTERMS in Export Business? CIF specifically outlines the following key responsibilities and costs for the seller and the buyer: 1. Costs: The seller is responsible for the costs of the goods, including transportation to the port of destination, loading charges, and freight charges up to the named port of destination. 2. Insurance: The seller is required to obtain and pay for minimum insurance coverage to protect the goods during transportation up to the named port of destination.
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