Question on the Use of CIF

Cost, Insurance and Freight (CIF)
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Cost, Insurance and Freight (CIF) > Best Practices > Question on the Use of CIF

Question on the Use of CIF
Tim
Hello, I have shipped some goods CIF, they were loaded on to the ship in good order, passed the inspections and the ship sailed, the ship went to another port to move the cargo onto another ship and missed the other ship 3 times. The goods finally loaded on the new ship and reached the destination port where upon opening the container the goods were spoiled. Whose responsibility does this fall under the buyer or the seller? (...) Read more? Sign up for free
 

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Transport Clause and Insurance Agreement
vidhu, Analyst, India, Member
As the goods seems to be delicate one, there should be separate clause in the transportation agreement for the same. Otherwise the insurance company will cover the loss as mentioned in the insurance agreement. But if none of these 2 things exist, then the vendor is responsible as the terms are CIF.
 

         
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Cost, Insurance and Freight (CIF)
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  • Question on the Use of CIF


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