Protective Film CIF Shipping

“Protective film CIF shipping” is an international trade term where CIF stands for “Cost, Insurance, and Freight.”

In this shipping method, the seller is responsible for delivering the goods to the designated destination port and bears all the costs, transportation fees, and insurance charges to transport the goods to the destination port. Once the goods arrive at the destination port, the buyer is responsible for completing the import clearance procedures and bears the transportation and related costs to transport the goods from the destination port to the final destination.

Detailed explanation:

Let’s consider a scenario where a Chinese company (buyer) and a US company (seller) have entered into a transaction for protective film products, and they agree to use CIF shipping terms. According to the CIF terms, the US company’s responsibility is to deliver the goods to the designated destination port, including all transportation fees, sea freight, and insurance charges. The seller needs to purchase insurance for the goods during transportation and ensure that the goods are adequately covered.

Here’s a specific example:

1. Contract agreement: The price of the protective film products is 8000 USD, and the delivery location is a port in China (the destination port).
2. Seller’s responsibility: According to the CIF terms, the seller is responsible for transporting the goods to the designated destination port, which includes all transportation fees, sea freight, and insurance charges. The seller arranges a suitable carrier or international logistics company to transport the goods from the US to the destination port in China. The safety and responsibility of the goods during transportation are the seller’s responsibility.
3. Arrival at the destination port: Once the goods arrive at the destination port in China, the seller notifies the buyer that the goods have arrived and provides relevant documents such as the shipping notice and bill of lading.
4. Buyer’s responsibility: Upon the goods’ arrival at the destination port, the buyer is responsible for completing the import clearance procedures, paying import duties and other related charges, and arranging the transportation and related costs to transport the goods from the destination port to the final destination.

In summary, protective film CIF shipping means that the seller is responsible for transporting the goods to the designated destination port and bears all transportation fees and insurance charges. Once the goods arrive at the destination port, the buyer is responsible for completing the import clearance procedures and arranging the transportation and related costs to transport the goods to the final destination.

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