CIF, Cost Insurance and Freight, requires the seller to pay sea carriage to the named destination port and the required cargo insurance. Cost and risk transfer do not necessarily occur at the same point.[1]
Paid carriage to the destination port therefore does not mean all risk stays with the seller until arrival. Examine insurance coverage and local or onward charges separately. Port delivery terms do not automatically include delivery to the warehouse door.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.