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Freight CollectSea & Inland Waterway

CIF — Cost, Insurance and Freight

Seller pays cost, freight, and minimum marine insurance (Institute Cargo Clauses C) to the destination port. Risk transfers when goods are on board at origin.

Risk Transfer

On board the vessel at port of shipment

Insurance

Seller — min. ICC (C)

Suitable For

Sea & Inland Waterway

Shipment Flow

Seller
Origin
VesselRisk transfers
Destination
Buyer
Freight payerSeller
InsuranceSeller
Import clearanceBuyer
8Seller responsibilities
4Buyer responsibilities
0Negotiable / Optional

Obligations & Charges

Responsibility matrix per ICC Incoterms® 2020 — official Seller / Buyer / Negotiable mapping for CIF.

Export Packaging

Seller

Loading Charges

Seller

Delivery to Port/Place

Seller

Export Duty, Taxes & Customs Clearance

Seller

Origin Terminal Charges

Seller

Loading on Carriage

Seller

Carriage Charges

Seller

Insurance

Seller

Destination Terminal Charges

Buyer

Delivery to Destination

Buyer

Unloading at Destination

Buyer

Import Duty, Taxes & Customs Clearance

Buyer
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