CIF

Cost, Insurance and Freight

As CFR, plus the seller insures the cargo for the sea voyage.

Offered as standardSea & inland waterwayIncoterms® 2020

How World Steel delivers CIF

CIF your port with marine cargo insurance for 110 % of the invoice value – Institute Cargo Clauses (C) as the Incoterms® minimum, all-risks ICC (A) on request.

Delivery: On board the vessel at the port of shipment.
Risk passes: When the goods are on board at the port of shipment.
Costs: The seller pays freight and minimum insurance to the named destination port.
Best for: Letter-of-credit sales and buyers who want freight and insurance in one price.
Watch out: Minimum cover under CIF is ICC (C); agree ICC (A) in the contract if you need all-risks cover for steelwork.

Always state the rule, a precise named place and the version, e.g. “CIF your port / site, Incoterms® 2020”.

← CFR · Cost and Freight All 11 Incoterms® 2020 rules CPT · Carriage Paid To →

EXWEx Works FCAFree Carrier FASFree Alongside Ship FOBFree On Board CFRCost and Freight CIFCost, Insurance and Freight CPTCarriage Paid To CIPCarriage and Insurance Paid To DAPDelivered at Place DPUDelivered at Place Unloaded DDPDelivered Duty Paid

Incoterms® is a registered trademark of the International Chamber of Commerce (ICC). This page summarises the Incoterms® 2020 rules for orientation only – the ICC text and the sales contract govern. Always state the rule, the named place and “Incoterms® 2020”.

Quote your project CIF

Tell us the destination and the Incoterm you prefer – we quote ex-works, FOB, CIF or delivered to your site.

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