What is CIF (Cost, Insuarance and Freight / Intercoms 2000)?
CIF (Cost Insurance and Freight): The seller delivers the goods when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and the freight necessarry to bring the goods to the named port of destination BUT the risk of loss or damage to the goods, as well as any additional costs due to events occuring after the time of delivery, are transferred from the seller to the buyer.
