Comments on: Incoterms: CIF – Cost, Insurance and Freight http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/ Thu, 26 Jan 2012 23:18:27 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: k patnaik http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-197413 k patnaik Tue, 20 Sep 2011 09:59:01 +0000 http://www.3plwire.com/?p=334#comment-197413 if the transaction of import is on CIF basis, what is the treatment of berthing charges, who should pay it, the seller or the buyer if the transaction of import is on CIF basis, what is the treatment of berthing charges, who should pay it, the seller or the buyer

]]> By: treza http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-194167 treza Fri, 19 Aug 2011 10:07:46 +0000 http://www.3plwire.com/?p=334#comment-194167 If shipper send documents late and cargo incurred storage charges as port of destination, and terms of cargo is CIF Kigali, who pays for the extra charges incurred? Treza If shipper send documents late and cargo incurred storage charges as port of destination, and terms of cargo is CIF Kigali, who pays for the extra charges incurred? Treza

]]> By: danson http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-183268 danson Tue, 10 May 2011 05:51:49 +0000 http://www.3plwire.com/?p=334#comment-183268 ex-works ex-works

]]> By: S.P.Suvarna http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-151684 S.P.Suvarna Wed, 05 May 2010 13:48:42 +0000 http://www.3plwire.com/?p=334#comment-151684 Seller will ship the goods by air and buyer take of insurence part till destination port, the buyer will pay air freight charges, port clearance, customs duty and transportation. What incoterms can be used for this import. Seller will ship the goods by air and buyer take of insurence part till destination port, the buyer will pay air freight charges, port clearance, customs duty and transportation.
What incoterms can be used for this import.

]]> By: Ahmed http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-149173 Ahmed Mon, 12 Apr 2010 09:03:13 +0000 http://www.3plwire.com/?p=334#comment-149173 Question: Dear Sir, Thanks for the guiding information... I have a question,Are u sure that the seller is responsible for all costs until the goods have been UNLOADED at the named port of destination.? i.e. If the seller has to arrange for unloading the vessel was confirmed ,then the buyer shall not pay for the Demurrage if there will be any since the seller has to arrange for unloading by himself. Can you confirm this please. BR Ahmed Question:

Dear Sir,
Thanks for the guiding information…

I have a question,Are u sure that the seller is responsible for all costs until the goods have been UNLOADED at the named port of destination.?

i.e. If the seller has to arrange for unloading the vessel was confirmed ,then the buyer shall not pay for the Demurrage if there will be any since the seller has to arrange for unloading by himself.

Can you confirm this please.

BR

Ahmed

]]> By: 3plwire http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-114969 3plwire Tue, 07 Oct 2008 21:52:55 +0000 http://www.3plwire.com/?p=334#comment-114969 Check out our explanation of CIP here: http://www.3plwire.com/2006/08/04/incoterms-cip-carriage-and-insurance-paid-to/ CIF and CIP are very similar incoterms, with CIF the more commonly used term. However, based on my understanding, CIF should only be used for ocean or inland waterway shipments. CIP, on the other hand, can be used for any mode of transport. Other than that, the main difference, again based on my understanding, is that with CIF the seller's responsibilities end the moment the goods pass the ship's rail at the named port of destination, while with CIP the seller's responsibilities end once the goods have been delivered to the port of destination, but the port of destination may not necessarily be the end delivery point - it could be an agreed upon point at the port of destination. These interpretations are provided as guides only. Check out our explanation of CIP here:

http://www.3plwire.com/2006/08/04/incoterms-cip-carriage-and-insurance-paid-to/

CIF and CIP are very similar incoterms, with CIF the more commonly used term. However, based on my understanding, CIF should only be used for ocean or inland waterway shipments. CIP, on the other hand, can be used for any mode of transport.

Other than that, the main difference, again based on my understanding, is that with CIF the seller’s responsibilities end the moment the goods pass the ship’s rail at the named port of destination, while with CIP the seller’s responsibilities end once the goods have been delivered to the port of destination, but the port of destination may not necessarily be the end delivery point – it could be an agreed upon point at the port of destination.

These interpretations are provided as guides only.

]]> By: Tina http://www.3plwire.com/2006/07/19/incoterms-cif-cost-insurance-and-freight/comment-page-1/#comment-114776 Tina Mon, 06 Oct 2008 10:14:55 +0000 http://www.3plwire.com/?p=334#comment-114776 Hi! Can yiu tell me the difference of CIF and CIP? Hi! Can yiu tell me the difference of CIF and CIP?

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