CIF: COST, INSURANCE AND FREIGHT (named port of destination)
Under this term, the seller quotes a price for the goods (including insurance), all transportation, and miscellaneous charges to the point of debarkation from the vessel. (Typically used for ocean shipments only.)
| Service | Who Pays |
|---|---|
| Warehouse storage at point of origin | Seller |
| Warehouse labor at point of origin | Seller |
| Export packing | Seller |
| Loading at point of origin | Seller |
| Inland freight | Seller |
| Port receiving charges | Seller |
| Forwarders fee | Seller |
| Loading on ocean carrier | Seller |
| Ocean/Air freight charges | Seller |
| Charges at foreign Port/Airport | Buyer |
| Customs, Duties & Taxes abroad | Buyer |
| Delivery charges to final destination | Buyer |
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