How does CIF apply to the growing area of e-commerce and cross-border online sales?

CIF belongs to Incoterms® group 2 and can therefore only be used for sea freight. Any insurance is the responsibility of the seller. According to the U.S. Commercial Service, “The most common Incoterms are EXW (Ex Works); FOB. (Free On Board); CIF (Cost, Insurance, and Freight); CPT (Carriage ... Apr 20, 2022 ... CIP is the abbreviation of Carriage and Insurance Paid. It is a globally accepted trade term in which a seller pays for both the insurance and freight incurred ... CIF, or “cost, insurance and freight”, is a term used in international contracts for the sale of goods being shipped by sea to a port of destination. Jan 22, 2020 ... In this Incoterms® comparison, we are going to compare two of the more popular terms: CIF (Cost, Insurance, Freight) and FOB (Freight on Board). Cost, Insurance, and Freight (CIF) is an Incoterm that outlines the responsibilities of buyers and sellers in international trade transactions. Sep 21, 2022 ... ... CIF (Cost, Insurance, and Freight) and DDP (Delivery Duty Paid). These Incoterms are often used interchangeably in the shipping industry. Nov 9, 2022 ... FOB stands for “Free on Board” and means that the seller is responsible for the goods until they are loaded on the buyer's vessel. CIF stands ... Jul 2, 2024 ... In this post, we'll take an in-depth look at two commonly used Incoterms: CPT (Carriage Paid To) and CIF (Cost, Insurance, and Freight). DDP and CIF are two most used incoterms in shipping. The Seller's task in DDP, for DDP VS CIF. DDP considers the maximum duty for the Seller, ...