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CIF Incoterm
Cost, Insurance and Freight
Group C · main carriage paidSea & inland waterway only
CIF is CFR plus the seller buys cargo insurance (minimum ICC C cover). Sea only.
Seller covers
- Export clearance
- Sea freight
- Insurance (ICC C)
Buyer covers
- Import clearance and duties
- Unloading
Where risk passes
Risk passes on board; insurance runs to the destination port.
When to use it
For traditional sea cargo when the buyer wants insured freight.
Common mistake
Using CIF for containers, or expecting broad cover - ICC C is the minimum.