https://www.taxtmi.com/article/detailed?id=13910 Under Cost, Insurance, and Freight (CIF) the seller bears costs for the goods, freight and insurance until arrival at the agreed destination port, whereupon the buyer assumes responsibility for unloading, customs clearance and onward transport. Variants modify the seller's scope: CIF Destination extends seller duties to the agreed port; CIF Port of Shipment confines seller obligations to the port of shipment; CIF Clear adds seller responsibility for destination customs clearance; CIF + Freight Prepaid indicates freight is paid in advance; CIF (Maritime) applies to sea transport. en-us Wed, 26 Mar 2025 06:57:11 +0530 Wed, 26 Mar 2025 06:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13910 Under Cost, Insurance, and Freight (CIF) the seller bears costs for the goods, freight and insurance until arrival at the agreed destination port, whereupon the buyer assumes responsibility for unloading, customs clearance and onward transport. Variants modify the seller's scope: CIF Destination extends seller duties to the agreed port; CIF Port of Shipment confines seller obligations to the port of shipment; CIF Clear adds seller responsibility for destination customs clearance; CIF + Freight Prepaid indicates freight is paid in advance; CIF (Maritime) applies to sea transport. Articles Customs - Import - Export - SEZ Wed, 26 Mar 2025 06:57:11 +0530 https://www.taxtmi.com/article/detailed?id=13910