What are the long-term strategic considerations for businesses when choosing Incoterms like CIF?

Jun 19, 2024 ... This post compares two widely-used Incoterms: CIF (Cost, Insurance, and Freight) and EXW (Ex Works). Sep 2, 2022 ... CIP vs CIF. Under the Carriage and Insurance Paid To (CIP) Incoterm, the seller must pay for the freight and obtain insurance to the named ... CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway ... Cost Insurance and Freight (CIF) ... Use of this rule is restricted to goods transported by sea or inland waterway. In practice it should be used for situations ... 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 ... 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. 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 ... 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. The Incoterm CIF belongs to the two-point clauses, i.e.: transfer of risk and transfer of costs occur at different points. The risk is already transferred to ... Aug 28, 2022 ... Under CIF Incoterms, it is the buyer's responsibility to ensure they take care of insurance charges for the shipment. To ensure goods are ...