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All terms

Shipping & logistics

CIF

Cost, Insurance, and Freight — seller pays freight + marine insurance; risk still passes at load port.

CIF (Cost, Insurance, and Freight) under Incoterms 2020: seller pays cost, freight, AND marine insurance to the named discharge port. Like CFR, risk still passes at the load port — but the seller procures insurance covering the buyer.

Related: CFR, FOB, Incoterms.

See also

cfrfobincoterms

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