{"@context":"https://schema.org","@type":"DefinedTerm","name":"Cost, Insurance and Freight (CIF)","description":"Under CIF (Cost, Insurance and Freight), risk passes to the buyer the moment goods are loaded on board at the port of shipment — even though the seller continues to pay ocean freight and a minimum cargo insurance through to the named destination port. CIF is an Incoterm reserved exclusively for sea and inland waterway transport, and one of the oldest maritime trade terms in use. The minimum insurance standard is Clause C of the Institute Cargo Clauses unless a higher cover is contractually agree","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/cost-insurance-and-freight-cif","inLanguage":"en","dateModified":"2026-06-26T07:24:22.283288","citation":"https://iccwbo.org/business-solutions/incoterms-rules/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/cost-insurance-and-freight-cif","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Cost, Insurance and Freight (CIF) · Under CIF (Cost, Insurance and Freight), risk passes to the buyer the moment goods are loaded on board at the port of shipment — even though the seller continues to pay ocean freight and a minimum cargo insurance through to the named destination port. · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/"}