CIF - 成本、保险费加运费(指定目的港) 该术语意指货物装上船且已由供应商投保,供应商租用船只运送货物至协议中指定目的港,即供应商完成交货。CIF仅适用于海路或内河货物运输。供应商支付出口关税、货物包装和货物到港口的运输费用,装货上船,租船并支付租金,为货物投保,并提供相关单证。收货方卸货下船,支付进口关税...
The meaning of it is that the delivery is completed for the supplier when the product came on board the vessel, products have been insured by the supplier, and the vessel was hired by him to transport the goods to the destination port, which is established in the agreement. CIF is ...
Incoterms® meaning: With CPT, CIP, Cost & Freight (CFR), and Cost, Insurance and Freight (CIF), the main carriage is paid by the seller, but the risks are transferred when the goods are handed over to the first carrier. Two of these terms oblige the seller to insure the goods ...
The Incoterms 2020adapt the insurance cover in the clauses CIF(Cost Insurance Freight)and CIP(Carriage Insurance Paid) to the current business practice. So far, the seller has taken out insurance coverage for the benefit of the buyer at a minimum level that covers a number of standard risks...
CIF COST INSURANCE AND FREIGHT (CIF) officially means that the seller delivers the goods to the buyer on board the vessel or gains the goods already so delivered. The risk of loss of or damage to the goods transfers when the goods are on board the vessel, such that the seller is taken...
CIF Incoterms® meaning There are 11 Incoterms® rules in total, and CIF – standing for cost, insurance and freight – is one of four that relate only to waterbound transportation. That means either sea freight or transportation via inland waterways.CIF shouldn’t be used for air or la...
Incoterms are incorporated into contracts by express reference whether in special contract terms (for example, "DAP one safe berth Rotterdam, per Incoterms latest edition") or in standard contract terms (for example, BP Oil GTCs –“‘CFR’ and ‘CIF’ shall each have the meaning ascribed the...
When using the CFR Incoterm from 2020, the seller is not obligated to add insurance coverage to the goods. That is the main difference between the CFR shipping term and CIF. The seller is only liable for the cargo until it has been loaded on board the vessel at the port or origin. Fr...
Incoterms detail the obligations of the parties as well as the allocation of risk and cost in a trade contracted on three-letter trade terms (such as CIF and FOB). Incoterms are distinct from the meaning of the same three-letter trade terms...
CIF Incoterms - Cost, Insurance and Freight- What is the meaning of CIF shipping term? Using the Incoterms rule CIF, the seller covers the cost of insurance AND freight to the named port of destination or place. The risk is transferred as soon as the goods are loaded on board the vesse...