{"@context":"https://schema.org","@type":"DefinedTerm","name":"CIF (Cost, Insurance and Freight)","description":"CIF – Cost, Insurance and Freight – gives the buyer a single delivered price covering ocean freight and a minimum level of cargo insurance to the named destination port, with the seller arranging and paying for both. Risk, however, passes at the port of shipment the moment goods are on board: any loss or damage occurring at sea falls on the buyer, even though the seller is still paying the freight bill. That cost-risk split is what sets CIF apart from CIP (Carriage and Insurance Paid To), where ","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","inLanguage":"en","dateModified":"2026-06-26T07:19:30.788157","citation":"https://iccwbo.org/business-solutions/incoterms-rules/incoterms-2020/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/cif-cost-insurance-and-freight","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"CIF (Cost, Insurance and Freight) · CIF – Cost, Insurance and Freight – gives the buyer a single delivered price covering ocean freight and a minimum level of cargo insurance to the named destination port, with the seller arranging and paying for both. · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/incoterms-2020/"}