MARINE INS U RANCE

COST, INSURANCE
AND FREIGHT (CIF)
Presented By:
Muhammad Ajmal
Muhammad Asyraf
 Buyer
Once the goods have arrived at the buyer's
destination port, the buyer assumes responsibility
for the costs associated with importing and
delivering the goods. Some of these costs include
the following:
Unloading the product at the port terminal
Transferring the product within the terminal and to
the delivery site
Custom duty charges and associated with importing
the goods
Charges for transporting, unloading, and delivering
the goods to the final destination
Seller
Purchasing export licenses for the product
Providing inspections of products
Any charges or fees for shipping and loading the goods
to the seller's port
Packaging costs for exporting the cargo
Fees for customs clearance, duty, and taxes (for
exporting)
Cost of shipping the freight via sea or waterway from
the seller's port to the buyer's port of destination
Cost of insuring the shipment up until the buyer's port
of destination
Covering the cost of any damage or destruction to the
goods

The seller must deliver the goods to the ship within

the agreed-upon timeframe and provide proof of
delivery and loading.