CIF

The seller pays cost, insurance and freight to your port — risk passes to you once the goods are on board.

What is CIF?

Cost, Insurance and Freight (CIF) is an Incoterm where the seller contracts and pays for carriage and minimum marine insurance to your named destination port. The catch importers miss: risk transfers when the goods are loaded on board at origin, not when they arrive — so if the container is damaged mid-voyage, you claim against the seller's insurance rather than the seller. Compare CIF against FOB plus your own freight quote; the seller's bundled freight is convenient but rarely the cheapest.