Who is responsible for detention charges under CIF?

CIF, short for Cost, Insurance, and Freight, is a cornerstone term in international shipping agreements, especially for sea and inland waterway transport. Under ... 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 ... What does Cost, Insurance, Freight (CIF) mean? When you ship CIF, the seller is responsible for goods up until their arrival at the destination port. That means ... Oct 6, 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 ... Apr 12, 2024 ... CIF, or Cost, Insurance, and Freight, is an Incoterm that defines the seller's responsibilities and obligations in an international sales transaction. Nov 23, 2022 ... So i am learning about trading and i'm on Incoterms now. What does this line mean? USD 5000 CIF [name port] So according to CIF, i, ... Jul 22, 2024 ... The following post compares two commonly used Incoterms: DAP (Delivered at Place) and CIF (Cost, Insurance, and Freight). 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 ... Jun 19, 2024 ... This post compares two widely-used Incoterms: CIF (Cost, Insurance, and Freight) and EXW (Ex Works). Apr 1, 2025 ... CIF (Cost, Insurance, and Freight) Incoterms stipulate that the seller is responsible for arranging and paying for transportation costs and ...