Daily Point 2104 CIF – Cost, Insurance & Freight

 

The Banking Tutor

                            Daily Point 2104

CIF – Cost, Insurance & Freight 

In Incoterms, CIF (Cost, Insurance, and Freight) is a shipping term used for sea and inland waterway transport where the seller covers the cost of the goods, insurance, and freight to the named port of destination. Once the goods are loaded onto the vessel, the risk of loss or damage transfers to the buyer. 

Sekhar Pariti

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