What are the different language versions of the Incoterms rules available?

Jun 13, 2023 ... This article will unpack two commonly used Incoterms, CIF, and CIP, and discuss their differences, benefits, and risks. 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. 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. 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 ... Nov 10, 2020 ... It's important to note that unlike CFR, where the risk rolls over to the buyer when the goods are loaded, with CIF terms, the seller is liable ... Apr 1, 2025 ... CIF (Cost, Insurance, and Freight) Incoterms stipulate that the seller is responsible for arranging and paying for transportation costs and ... Oct 16, 2023 ... FOB means "free on board" and is also an Incoterm. Unlike CIF, the importer takes over the goods from the port of shipment and therefore takes ... Under the terms of the CIF, the seller is liable for taking out insurance. Insurance against loss of or damage to goods must be contained at least to the port ... The main difference between CIF and CFR shipping terms is insurance. On both CFR and CIF shipping terms, the risk of the cargo transfers from seller to buyer ... Understanding CIF Incoterms: Meaning and Implications. CIF Incoterms, a crucial component in global trade, dictate that the seller covers the costs, insurance, ...