A cif term stands for “cost, insurance, freight” and it’s a common way of calculating the cost of shipping goods. CIF is especially useful for large shipments that require special packaging or handling. Simply put, CIF takes into account the cost of the shipment, the cost of insurance, and any freight charges. This makes it a great way to compare costs and get a better idea of what’s involved in shipping a particular item.
The cif term is a maritime terminology that is used in container shipping that refers to the speed of sound in water, which is approximately 740 kilometers per hour. When vessels are travelling through water, they create waves that travel outwards at this speed.
The cif term is an abbreviation for "cost, insurance, and freight." It is a common shipping term in any shipment service that refers to the cost of shipping goods, the insurance that covers those shipments in case of loss or damage, and the freight (the actual cost of transporting the goods) incurred in moving them. Cif worksheet can help calculate all these costs.
The buyer does not incur any charges until the freight reaches the designated port of destination, but the buyer takes on all risk once the items are on board the vessel for the main transport.
Only inland or coastal transportation of any shipment is covered by CIF. Bulk goods, oversized, or overweight shipments frequently use it.
In a CIF (Cost, Insurance and Freight) transaction, the seller delivers the merchandise that has been granted export clearance to the vessel at the port of shipment, pays for the merchandise's transportation to the port of destination even it is a international shipping, and obtains and pays for the merchandise's minimal insurance coverage during the merchandise's transit to the designated port of destination.
Matic Express was established in 2007 and the headquarters are located in Shenzhen China, Changsha Chaintech Supply Chian Management Co, Ltd is a subsidiary in Changsha China, our main business is air & sea shipping, express, railway, or truck shipping using DDP, DDU, FCL or LCL terms. We deliver items to Amazon warehouses, overseas warehouses, designated address, and door-to-door services.
Matic Express offers international freight service through air, sea and truck shipping. Our service areas include USA, Canada and France, Germany and Poland, Italy and Spain, Japan and New Zealand.
Matic Express provides you with door-to-door delivery, whether it's air shipping, sea freight or railway express, truck shipping, DDP & DDU of the door to door, Some small customers who are looking for DDP delivery at a low cost We recommend this method, if you want to ship goods from China to your destination We can arrange delivery to your door for you.
Matic Express maintains its own warehouses so that your cargo can be stored. There are warehouses at Shenzhen Yiwu Ningbo Shanghai Guangzhou Guangzhou Dalian Chongqing. We'll pick it up from your warehouse. You, your suppliers or you may ship your cargo to our warehouse. It has services for you, such as inspections of cargo, stickers, the measurement of weight or size and shipping.
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