GlossaryEN1 min readUpdated: Jun 13, 2026

CIF insurance check

In standard practice, the buyer or insurance broker verifies immediately after invoice and shipment that the seller has procured valid marine insurance meeting CIF requirements.

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Last updated: 13 June 2026Published: 27 January 2026

Source: https://iccwbo.org/resources-for-business/incoterms-2020/

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Definition & Explanation

In standard practice, the buyer or insurance broker verifies immediately after invoice and shipment that the seller has procured valid marine insurance meeting CIF requirements. The check examines three critical points: the insured amount covers the goods' value plus a customary 10 % margin, the policy remains valid at least through the named destination port, and coverage follows the appropriate Institute Cargo Clauses level (A, B, or C) as contracted. Only a successful insurance verification allows the buyer to trigger payment or letter of credit release.

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CIF insurance check

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Related Terms

preferential origin check

customs tariff check

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Hazardous Goods Check in Gate Process

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