Wishesbeast
137 posts
Mar 18, 2025
8:25 AM
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International shipping can be complex, especially when it comes to terms that influence the cost and delivery process. One such term that plays a pivotal role in global trade is CIF (Cost, Insurance, and Freight). This term defines the seller’s responsibility for the goods, including the cost of goods, insurance, and transportation fees up to a specific point. Discover more to understand how CIF affects both buyers and sellers in the global shipping arena.
When engaging in international shipping, the CIF agreement establishes clear terms on the distribution of risks and costs. Sellers are responsible for the goods' safe journey up to the port of destination, covering expenses such as shipping fees and insurance. However, once the goods arrive at the destination port, the buyer assumes responsibility for further costs and risks. This arrangement can have significant implications for both parties, making it essential to fully comprehend the terms.
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