What are the implications of using electronic documents under CIF?

May 24, 2022 ... Cost and Freight (CFR) and Cost, Insurance, and Freight (CIF) are the last two trade terms of the total 11 Incoterms® Rules, and apply only to sea and inland ... CIF (Cost, Insurance, and Freight) and FOB (Free On Board) are both shipping terms, used to define the responsibilities and obligations of the buyer and seller. FAS, FOB, CFR and CIF belong to this class. Under the last three Incoterms rules, all mention of the ship's rail as the point of delivery has been omitted in ... CIF, short for Cost, Insurance, and Freight, is a cornerstone term in international shipping agreements, especially for sea and inland waterway transport. Under ... Aug 13, 2024 ... Under CIF (Cost, Insurance, and Freight) terms, this includes the price of the goods, freight charges, insurance, and any other costs incurred ... 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. Feb 1, 2024 ... ... Incoterms that define the responsibilities of buyers and sellers in international trade transactions. Decisions about Incoterms have a wide ... Jan 4, 2025 ... The term CIF has got two critical points. They are the point of delivery and the point of destination. The seller contracts for carriage with ... Jul 22, 2024 ... The following post compares two commonly used Incoterms: DAP (Delivered at Place) and CIF (Cost, Insurance, and Freight). 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 ...