Posted on Leave a comment

What is CIF

Cost, insurance and freight (CIF) is a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain the goods from the carrier.The supplier arranges delivery to the Port of Destination in the importer’s country. However, Cost Insurance Freight does not include unloading, LCL charges, CSIF or other fees added by the Destination Agent in the Port of Destination.

Export clearance: Yes
Transport to Port of Loading in China: Yes
Sea Freight charges: Yes
Port of discharge charges: No
Inland transport: No

Leave a Reply

Your email address will not be published.