{"@context":"https://schema.org","@type":"DefinedTerm","name":"Cost, Insurance and Freight","description":"CIF – Cost, Insurance and Freight – comes into play in export contracts that specify a named port of destination and require the seller to arrange minimum cargo insurance. The seller concludes the contract of carriage, pays the ocean freight to the destination port, and procures insurance cover at minimum level for the buyer's account. Risk of loss or damage, however, transfers to the buyer as soon as the goods are loaded on board at the port of shipment – meaning the seller pays for insurance a","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","inLanguage":"en","dateModified":"2026-06-26T07:21:09.384947","citation":"https://iccwbo.org/business-solutions/incoterms-rules/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/cost-insurance-and-freight","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Cost, Insurance and Freight · CIF – Cost, Insurance and Freight – comes into play in export contracts that specify a named port of destination and require the seller to arrange minimum cargo insurance. · Quelle: https://iccwbo.org/business-solutions/incoterms-rules/"}