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INTERNATIONAL FREIGHT FORWARDER

Incoterm CIF

The main transport is paid by the seller, but the irrigation in this section is the buyer. The insurance of the merchandise is paid by the seller, who has to put the buyer as the beneficiary. Delivery occurs when the goods are put on board the ship.

The seller is obliged to obtain insurance with minimum coverage in favor of the buyer (ICC C). However, you can agree to other coverage by prior agreement with the buyer. It is also common practice to cover 110% of the total cost of the operation.

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