{"@context":"https://schema.org","@type":"DefinedTerm","name":"CIF (Cost, Insurance and Freight)","description":"CIF (Cost, Insurance and Freight) is an ICC Incoterm for sea and inland waterway transport under which the seller pays ocean freight and arranges cargo insurance to the named destination port, while risk transfers to the buyer once the goods are on board at the loading port. Under Incoterms 2020, the seller's insurance obligation is fulfilled by minimum cover under Institute Cargo Clauses (C); broader protection requires explicit contractual agreement. The key distinction from CFR is this mandat","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/cif-cost-insurance-and-freight-2","inLanguage":"en","dateModified":"2026-06-26T21:47:08.408706","citation":"https://iccwbo.org/business-solutions/incoterms-rules/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/cif-cost-insurance-and-freight-2","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"CIF (Cost, Insurance and Freight) · CIF (Cost, Insurance and Freight) is an ICC Incoterm for sea and inland waterway transport under which the seller pays ocean freight and arranges cargo insurance to the named destination port, while risk transfers to the buyer once the goods are on board at the loading port. · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/"}