INCOTERMS CIF
Release time：2024.05.27
The English name for this term is "Cost, Insurance and Freight (... named port of destination)", which means "Cost, Insurance and Freight (... named port of destination)". It refers to the seller having the same obligation as the "cost and freight" term, and the seller also needs to purchase sea freight insurance for the loss or damage of the goods during transportation, which should be borne by the buyer, and pay the insurance premium. This term applies to sea or inland waterway transportation.
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