Dec 3, 2025 · 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 shipment.

The CIF cost is calculated by adding the cost of the goods (C), insurance (I), and freight (F). For example, if the cost of goods is $10,000, insurance is $1,000, and freight is $2,500, the total …

What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three.

Aug 17, 2024 · CIF, or Cost, Insurance, and Freight, is one of the 11 Incoterms defined by the International Chamber of Commerce (ICC). It is used for sea and inland waterway transport.

In CIF terms, the seller pays for insurance until the goods reach the port of discharge. The seller pays for insurance during transport, but the buyer is responsible for the goods once they are …

Nov 11, 2024 · Cost, Insurance, and Freight (CIF) is one of the most widely used Incoterms (International Commercial Terms) for shipping, especially for maritime transport. When CIF …

Oct 6, 2023 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which …

Oct 16, 2025 · As an importer or exporter, do you know what you're responsible for under the CIF Incoterm? We list the obligations for both buyer and seller when operating under the CIF …

Jan 21, 2025 · CIF (Cost, Insurance, and Freight) is an Incoterm defined by the International Chamber of Commerce (ICC) under Incoterms 2020, used for sea freight and inland waterway …

Dec 27, 2024 · One commonly used term is CIF, short for Cost, Insurance, and Freight. But what is CIF exactly? CIF, an Incoterm created by the International Chamber of Commerce (ICC), …