What are some common mistakes to avoid when using CIF Incoterms?

CIF belongs to Incoterms® group 2 and can therefore only be used for sea freight. Any insurance is the responsibility of the seller. Mar 24, 2020 ... When goods are bought or sold via “Cost, Insurance, and Freight” (CIF) it means that the Seller is responsible for delivery of the goods to a ... In. Indonesia, however, reference to 'customs value' in some regulations is confused by the use of the Cost, Insurance and Freight (CIF) Incoterm in the same ... Jun 19, 2024 ... This post compares two widely-used Incoterms: CIF (Cost, Insurance, and Freight) and EXW (Ex Works). Sep 2, 2022 ... CIP vs CIF. Under the Carriage and Insurance Paid To (CIP) Incoterm, the seller must pay for the freight and obtain insurance to the named ... 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). Incoterms Defined: What does EXW, FCA, FOB, DAP, DAT, DDP, CPT, CIP, CIF, CFR, or FAS Mean? Sep 24. Written By James Kennemer. Are you unsure about the ... Nov 12, 2024 ... Under CIF incoterms, the seller is responsible for all shipment and transit insurance costs until the cargo arrives at the named port of ... Sep 21, 2022 ... ... CIF (Cost, Insurance, and Freight) and DDP (Delivery Duty Paid). These Incoterms are often used interchangeably in the shipping industry. Apr 22, 2024 ... CIF Incoterms stands for Cost, Insurance, and Freight. It is a set of rules made and published by the International Chamber of Commerce (ICC).