Where can one find the official definition of CIF Incoterms?

Jun 3, 2024 ... CIF Incoterm, known as “Cost, Insurance and Freight,”, applies exclusively to maritime shipping. In CIF, the seller bears the responsibility of covering all ... Under CIF (short for “Cost, Insurance and Freight”), the seller delivers the goods, cleared for export, onboard the vessel at the port of shipment. 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 ... 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 18, 2020 ... Incoterms only for sea and inland waterway transport: FAS, FOB, CFR and CIF. Each Incoterm contains a set of rules of interpretation for the ... 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. The Cost, Insurance and Freight (CIF) incoterms means the seller (exporter) is responsible for delivering the goods onto the vessel of transport and clearing ... 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. Jun 13, 2023 ... This article will unpack two commonly used Incoterms, CIF, and CIP, and discuss their differences, benefits, and risks. 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).