On: January 13, 2025 By: David Noah
Incoterms 2020 CIF: Spotlight on Cost, Insurance and Freight
Under the Incoterms 2020 rules, CIF means the seller is responsible for loading goods on board the international vessel, cost of carriage to the port on the buyer's side, and insurance to that point. Liability for the goods transfers to the buyer as soon as the goods are loaded on the vessel.