CFR/CIF
Cost and freight / Cost, insurance and freight
Cost and freight / Cost, insurance and freight
The selling company assumes the transportation cost until the merchandise is delivered in the designated port of destination, but passes on the risks when it loads the goods on board the ship specified by the buyer at the designated port of loading. Under CIF conditions, risks from this point onwards must be covered by the insurance contracted by the selling company under the terms stipulated by the Incoterms rule.
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