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cargo insurance | Exportain

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Navy title card: CIF (Cost, Insurance and Freight), with a ship, an umbrella for insurance and a route to a destination pin

GlossaryDefinition

CIF (Cost, Insurance and Freight)

Under CIF the seller pays freight and minimum insurance to the destination port, yet the risk moves to the buyer at loading in the port of shipment. Here is what that means on an order from Bangladesh.

By Nourin Tabassum17 September 20262 min read