Introduction to CIF trade terms: \x0d\ 1, definition: CIF is cost, insurance and freight (? .. destination PROT), which means cost, insurance and freight in Chinese. (named port of destination) means that the seller completes the delivery when the goods cross the ship's rail at the port of shipment (actually in the loading cabin). The freight and insurance of the goods from the port of shipment to the port of destination shall be paid by the seller, but the risk of damage and loss of the goods after shipment shall be borne by the buyer. \x0d\ 2。 Applicable modes of transportation: sea transportation and inland river transportation, trading country (seaport or river port where the goods finally arrive). \x0d\ 3。 Key points: the risk point and delivery point are on the ship at the port of departure, and the expenses are shared on the ship at the port of destination. \x0d\ 4。 The seller's main obligations \ x0d \ a. Deliver the goods conforming to the contract to the ship at the port of shipment, and send the shipping notice to the buyer within the time limit stipulated in the contract. \x0d\ B, responsible for handling the export formalities of goods and obtaining export licenses or other approval certificates (origin, commodity inspection certificates, etc.). ) \x0d\ C, responsible for chartering or booking shipping space and paying the sea freight to the destination port. \x0d\ D, responsible for handling cargo transportation insurance and paying insurance premium. \x0d\ E, be responsible for all expenses and risks until the goods cross the ship's rail at the port of shipment. \x0d\ F, responsible for providing commercial invoices, insurance policies and on-board bills of lading, etc. \x0d\ 5。 The main obligation of the buyer \ x0d \ a. Pay the price according to the contract. \x0d\ B, responsible for handling import formalities and obtaining import licenses or other approvals. \x0d\ C, bear all expenses and risks after the goods have crossed the ship's rail at the port of shipment. \x0d\ D, collect the goods delivered by the seller according to the contract, and accept the documents conforming to the contract. \x0d\ 6。 Matters needing attention in practical business \ x0d \ a. Conceptual misunderstanding: CIF and FOB. In terms of terms, the delivery point and risk point are on the ship at the port of shipment, and the seller fulfills the seller's obligations by safely loading the goods at the port of shipment. The seller is no longer responsible for the risks that may occur after the goods are shipped. The seller gives insurance policies, bills of lading, etc. To the buyer, the risk claim shall be handled by the buyer. \ x0d \ B. Booking and stowage: Under CIF conditions, the seller independently books the ship and chooses the shipping company to pay the freight and dock fees. Generally, freight forwarders/shipping companies designated by the buyer are not accepted. In practical business, customers will choose well-known shipping companies such as Maersk and APL, which can be accepted after confirming the freight with the buyer, but generally they cannot be shipped by the freight forwarder designated by the buyer. \x0d\ C, when the seller handles insurance at the port of shipment, he usually makes clear the insurance amount, insurance risks and applicable insurance clauses when concluding the contract, as well as the insurance clauses of the Association or China. When the bank submits the documents, the insurance policy must be endorsed and transferred to the buyer. \ x0d \ d. Unloading expenses: dock operation expenses, etc. CIF is generally used for port arrival, and the expenses for port of departure shall be borne by the seller and the expenses for port of destination shall be borne by the buyer. \x0d\ E, shipping notice, transportation and arrival date of goods, etc.