Categories: Incoterms 2010

The term Cost, Insurance and Freight is used in maritime transport and it establishes that the seller must bear all transport expenses until the destination, including possible expenses for unloading the ship, as well as expenses for obtaining licences and documentation for export from the country of origin and those for export customs operations. The insurance costs are to be always borne by the seller.From the moment in which the goods are unloaded in the arrival port, all expenses are to be considered borne by the buyer, including customs costs in the country of arrival.The wording of this delivery term is considered complete with the indication of the destination port (example C.I.F.Trieste).