This term refers to a type of sale in which the buyer of the product agrees to pay a unit price that includes the f.o.b. value of the product at the point of origin plus all costs of insurance and t [..]

When sugar is sold on a CIF basis the vendor is responsible for arranging and paying for cargo loading, freight and insurance to the port of discharge. Queensland raw sugar exports are sold on a CIF o [..]

A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage. The [..]

An Incoterm that represents an exporter's requirement to cover the cost of transport to the port of destination, and to provide appropriate marine insurance coverage. The passing of title (owners [..]

An INCOTERM describing a term of sale that details the responsibilities of the buyer and seller for the international trade transaction. Under this term, the seller must pay the costs and freight necessary to bring the goods to the named port of destination but the risk of loss of or damage to the goods, as well as any additional costs due to event [..]