CIF is an Incoterms rule for sea and inland waterway transport under which the seller arranges specified freight and cargo insurance.
The distinction that matters
CIF and CIP have different transport applications and insurance obligations; neither is a general promise of all-risk cover.
What to check
- Specify the port and edition.
- Review the cargo policy and exclusions.
- Check loading, discharge and inland transit gaps.
Example to discuss
An importer checks whether a CIF shipment’s insurance continues after discharge when a truck carries the goods inland.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.