What are the implications of using a specific shipping line under CIF?

Jun 19, 2024 ... This post compares two widely-used Incoterms: CIF (Cost, Insurance, and Freight) and EXW (Ex Works). 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 ... 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. 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 ... 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). 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 ... 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 13, 2023 ... This article will unpack two commonly used Incoterms, CIF, and CIP, and discuss their differences, benefits, and risks. CIF belongs to Incoterms® group 2 and can therefore only be used for sea freight. Any insurance is the responsibility of the seller. First – How CIF Incoterms Term is Used. As mentioned before, CIF is an incoterm. Developed by the ICC, incoterms are categories that classify shipments. And ...