What are the implications of CIF when services such as installation or training are included in the sale contract?

Oct 31, 2023 ... It's an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the ... 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 ... CIF, short for Cost, Insurance, and Freight, is a cornerstone term in international shipping agreements, especially for sea and inland waterway transport. Under ... Convention on Contracts for the International Sale of Goods, and (c) the “CIF” Incoterms® in the contract operated to pass the risk of loss to buyer at the port ... Oct 31, 2023 ... DAP (Delivered at Place): With DAP, the seller is responsible for delivering the goods to a named place (usually the buyer's location), paying ... Jul 13, 2024 ... CIF stands for “Cost, Insurance, and Freight.” It is one of 11 shipping rules called Incoterms, which split costs and risks between buyers and ... Jul 22, 2024 ... The following post compares two commonly used Incoterms: DAP (Delivered at Place) and CIF (Cost, Insurance, and Freight). Under the CIF Incoterm, the seller agrees to 1) pay for all the costs related to moving goods to a destination port of the buyer's choosing and 2) insure the ... Feb 20, 2025 ... Cost, Insurance and Freight (CIF) is an Incoterm rule that is identical to the CFR Incoterm rule except in one aspect: insurance. Jun 13, 2023 ... This article will unpack two commonly used Incoterms, CIF, and CIP, and discuss their differences, benefits, and risks.