Let us find out what is CIF,C&I and C&F. How to distinguish CIF, C&F and C&I. What is C&I terms of delivery in export business? C&I means, the price of sale of It is the amount that is carried forward to the next accounting period. A closing balance becomes the C/F balance on a ledger. Similarly, the opening balance means B/F from the previous accounting period or ledger page. The only difference between a B/F and an opening balance is that a B/F balance always comes from a previous accounting period CIF, C&F, and FOB are among the Incoterms Rules for Sea and Inland Waterway. Each of these represents a specific agreement between the buyer and the seller, which divides the costs and responsibilities between them. CIF. A Cost, Insurance, and Freight (CIF) agreement states that the seller has a higher responsibility than the buyer in The cost for FOB Contracts is cheap, whereas comparatively, on the other hand, the price for CIF Contracts is much higher. Under the FOB Contracts, the seller cannot claim any lien on goods or products, whereas comparatively, on the other hand, under the CIF Contracts, the seller can claim the right to a lien on goods
Explained about Incoterms “C Group” – CFR, CIF, CPT, CIP
Câu hỏi: Các anh chị bạn cho em hỏi, em có 1 lô hàng nhập có 2 mặt hàng điều kiện CIF, trên Invoice thể hiện chi tiết. Mặt hàng A: usd, mặt hàng B usd, để riêng Cước: usd và Bảo hiểm: usd. Vậy lúc khai em để khai giá FOB rồi phân bổ cước vào ô phí vận chuyển và bảo hiểm vào ô phí CIF stands for “cost insured freight”. This means that the seller will bear the cost of shipping and insurance up to the designation. Common usage would be “CIF Buyer’s address”. C&F means “cost and freight” which means the seller pays for shipping, but not insurance. The buyer would be responsible for all insurance
CNF, CIF, FOB, DDP & EXW Explained! - AndrewMinalto.com
Sự khác biệt giữa CFR và CIF về cơ bản là yêu cầu theo điều kiện vận chuyển của CIF đối với người gửi hàng để cung cấp một lượng bảo hiểm hàng hải tối thiểu cho hàng hóa được vận chuyển, còn CFR thì không. CFR – Cost and freight; CIF – Cost, Insurance and Frieght. Các The difference between CIF and CFR is that while the risk of loss or damage at delivery becomes the buyer’s, the seller is obliged to take out insurance for that risk and provide