Under the Incoterms, the CIF is similar to CFR, except it also requires the seller to take out an agreed amount of marine insurance to protect against the loss, damage, or destruction of the products. The total cost of the CIF covers the costs, insurance, and freight. It is important for customers to know that CIF applies to sea or inland waterway transport only. It is commonly used for bulk cargo, oversized or overweight shipments. Please rest assured that we will take care of the import formalities and possible formalities in the country of transit.
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