|Free Carrier||Carriage Paid To||Carriage Insurance Paid To||Delivered at Place||Delivered at Place Unloaded||Delivered Duty Paid||Free Alongside Ship||Free On Board||Cost & Freight||Cost, Insurance & Freight|
|At a named place, the seller transfers the goods to the buyer; the buyer is responsible for all risks.||1.) when seller loads goods to buyer’s carrier or 2.) when goods are at the buyer’s disposal & ready for unloading at a named placed||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when the goods are delivered and unloaded at a named place or agreed point within that place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when goods are alongside the vessel nominated by the buyer at named port||when goods are on board the vessel nominated by the buyer at named port||when the goods are on board the vessel nominated by the seller at origin||when the goods are on board the vessel nominated by the seller at origin|
|Packaging & QC||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Loading & Delivery||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Export Duty & Taxes||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Origin Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Seller||Seller||Seller|
|Destination Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Delivery to Destination||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Unloading at Destination||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer||Buyer|
|Import Duty & Taxes||Buyer||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer|
What does CIF stand for?
CIF is an acronym for Cost, Insurance, and Freight.
What shipping method is CIF suitable for?
CIF can only be used for ocean freight. It can not be used for any mode of transportation.
Who is responsible for cargo insurance under CIF?
The seller is contractually obligated to provide insurance for the goods’ transportation under CIF.
Which party is accountable for the payment of duties and taxes under CIF?
It’s one of the buyer’s responsibilities to pay for customs duties and taxes.
How is CIF different from CIP?
CIF and CIP are the only two Incoterms that force the seller to supply insurance