What are the implications of an agent acting on behalf of a principal in a CIF transaction?

At any given point along the transport route, the International Commerce Terms (Incoterms) ... What Is CIF Shipping? CIF, known as “cost insurance and ... Feb 14, 2013 ... 1. CFR: Cost and Freight, aka C&F, aka CNF Definition: This acronym means that the seller covers all the costs of bringing goods from their origin to the port ... May 14, 2024 ... CIF (Cost, Insurance, and Freight) requires the seller to cover cost, insurance, and freight to the destination port, whereas the DDP (Delivered ... Apr 1, 2025 ... CIF (Cost, Insurance, and Freight) Incoterms stipulate that the seller is responsible for arranging and paying for transportation costs and ... Jan 19, 2025 ... The Incoterms (CIF and FOB) determine exactly who is responsible for the goods at any given point along the shipping route. When it comes to ... 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). According to CIF Incoterms, what is each party responsible for? ... Under CIF, the seller is responsible for transport up to the port of destination, export ... CIF stands for “Cost, Insurance and Freight”. It is an international shipping agreement which clarifies responsibilities of buyer and sellers. 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 ... May 28, 2020 ... CIF stands for 'Cost, Insurance, and Freight,' while DDP stands for 'Delivered Duty Paid.' In CIF shipping, the term means that the seller assumes ...