Cost, insurance, and freight (CIF) is what a seller pays to cover the cost of shipping, as well as the insurance to protect against the potential damage of loss to a buyer's order. The two are ...

Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. The seller is also responsible for providing cargo insurance at minimum coverage ...

Cost and freight (CFR) and cost insurance and freight (CIF) are similar. They both relate to transporting goods by sea and divide the responsibilities of transit between the buyer and the seller.

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...

When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly ...

FAS (Free Alongside), FOB (about which we have spoken), CFR (Cost and Freight) and CIF (Cost Insurance and Freight). These terms are remarkably useful in sorting out quickly which party handles ...

Bahri VLCCs are to handle Red Sea crude exports for Japan’s Taiyo Oil, which is seeking to cut shipping costs. The buyer is ...

During this period of universally low freight rates, it's true that many shippers haven't experienced the usual decline in service quality associated with low-cost transportation. In a normal ...