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CIF

Embassy Logistic Terms: CIF

Cost, Insurance and Freight (CIF) (agreed port of destination)
This incoterm specifies that the seller (shipper) must pay the cost of freight and insurance for the transport of the goods to the port of destination in question. The risk of cargo damage or loss, transfers from seller to buyer (consignee) once the cargo is loaded on board the vessel in the load port.
The insured value of goods is 110% of the invoice value, including transport charges.
This incoterm can be used only for transport by sea or inland shipping.

More information about CIF / Cost, Insurance and Freight ?

Don’t hesitate to contact us at info@embassyfreight.eu for more information.

Seafreight

Transport by sea can be complicated. You benefit from a specialist who will take over all your logistic requirements.

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