# CIF risk transfer

*Last updated: 2026-09-06*

> Under CIF (Cost, Insurance and Freight), the risk of loss or damage passes from the seller to the buyer at a precise moment: when the goods cross the ship's rail at the port of shipment and are loaded on board the named vessel.

Under CIF (Cost, Insurance and Freight), the risk of loss or damage passes from the seller to the buyer at a precise moment: when the goods cross the ship's rail at the port of shipment and are loaded on board the named vessel. From that point forward, the buyer assumes all risk of loss or damage during the ocean voyage, even though the seller remains obligated to pay for freight and insurance. This transfer is critical for insurance claims and liability determination.

**Source:** [https://iccwbo.org/resources-for-business/incoterms/](https://iccwbo.org/resources-for-business/incoterms/)

## Quick Facts

| Property | Value |
|---|---|
| Term | CIF risk transfer |
| Language | EN |
| Word count | 82 |
| Last updated | 2026-09-06 |
| Source | https://iccwbo.org/resources-for-business/incoterms/ |

---

*Logistics Glossary — Freight Academy: [https://www.freight-academy.com/en/glossary/cif-risk-transfer](https://www.freight-academy.com/en/glossary/cif-risk-transfer)*

*Markdown mirror: [https://www.freight-academy.com/api/md/glossary/en/cif-risk-transfer](https://www.freight-academy.com/api/md/glossary/en/cif-risk-transfer)*

*JSON summary: [https://www.freight-academy.com/api/v1/glossary/cif-risk-transfer/llm-summary?lang=en](https://www.freight-academy.com/api/v1/glossary/cif-risk-transfer/llm-summary?lang=en)*