How does CIF interact with the use of digital platforms and technologies in international trade?

CIF (Cost, Insurance, and Freight) and FOB (Free on Board) are two popular incoterms that you may want to use for your shipments. Cost, Insurance and Freight (CIF) is a trade term and Incoterm that means the seller pays to cover the cost of shipping, as well as insurance, for freight ... 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 ... CIF is an appropriate Incoterms® rule for transport by water of bulk and general cargo. The transfer of costs and risk takes place at different times. Oct 14, 2020 ... Incoterms® 2020: Defining FAS, FOB, CFR & CIF · FAS: Free Alongside Ship (Named Port of Shipment) · FOB: Free On Board (Name Port of Shipment). The CIF Incoterm, or “Cost, Insurance and Freight”, is exclusive to maritime shipping. Under CIF, the seller is responsible for the cost and freight of ... CIF belongs to Incoterms® group 2 and can therefore only be used for sea freight. Any insurance is the responsibility of the seller. If the Incoterm used was CIF, the responsibility to pay for insurance and freight charges falls on the seller. The seller should have also provided all shipping ... What is CIF INCOTERM ... 'Cost, Insurance and Freight', or CIF as an abbreviation is a transportation shipping term, the name in itself provides hints as to the ... CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway ...