What Is Cost, Insurance, and Freight (CIF)?

Описание к видео What Is Cost, Insurance, and Freight (CIF)?

Cost, insurance, and freight (CIF) is an international shipping agreement that represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit, and only applies to goods transported via a waterway, sea, or ocean. The contract terms of CIF define when the liability of the seller ends and the liability of the buyer begins, and the exact details of the contract will determine when the liability for the goods transfers from seller to buyer.
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