June 24, 2026What Is CIF Shipping? Costs, Insurance, and Buyer–Seller Responsibilities Explained
CIF Shipping means “Cost, Insurance, and Freight.” It is one of the 11 Incoterms® 2020 rules issued by the International Chamber of Commerce. CIF applies only to goods moved by sea or inland waterway. The parties must name the destination port in the sales contract. For example, they may write “CIF Los Angeles, Incoterms® 2020” (International Chamber of Commerce Academy). CIF Shipping separates Costs from risk. This point often causes confusion. The seller pays for transportation and Insurance
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