CIF insurance obligation is the seller's duty under Incoterms CIF to procure marine cargo insurance covering at least 110 % of the CIF value and to assign the policy to the buyer.
Source: https://iccwbo.org/resources-for-business/incoterms/
Matching tools and partners
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.