What determines the CI offer varies so much

The biggest difference between CIF and CIP is that the shipping method is different, CIF is only applicable to sea freight, while CIP is applicable to any mode of transportation. In addition to this wide pei, the two also have the following differences:

1. The place of delivery is different.

The CIP delivery location is more flexible, and can be agreed by both parties according to the different modes of transportation and wisdom; CIF delivery is located at the port of shipment, and you must deliver the goods safely to the port designated by the other party.

2. The time for transferring the risk is different.

CIP risk is transferred when the carrier is in control of the cargo; CIF risk is classified by port ship Pybra broadside.

for the boundary. 3. The responsibilities and expenses borne by the seller are different.

The insurance handled by the CIP seller includes not only water transportation insurance, but also various transportation insurance; The insurance premium for which the CIF seller is responsible is limited to water transportation insurance.

4. The transport documents are different.

CIP is conducive to the inland export business in the local document settlement, CIP involves the usual range of transport documents is greater than CIF, according to the specific mode of transport can be CIF used documents, can also be land waybill, air waybill, multimodal transport documents. After the carrier issues it, the exporter can settle the foreign exchange accordingly.

Difference between CIF and CIP:

1. CIP is suitable for various modes of transportation; CIF is suitable for water transportation.

2. The CIP delivery location shall be agreed by both parties according to the different modes of transportation; CIF delivery locations are at the port of shipment.

3. CIP risk is transferred when the carrier controls the goods; The CIF risk classification is bounded by the ship's side at the port of shipment.

4. Responsibilities and expenses borne by the seller:

The CIF seller is responsible for chartering the vessel, paying the freight from the port of shipment to the port of destination, and taking out the water transportation insurance and paying the insurance premium.

The seller is responsible for signing the contract of carriage and handling insurance, not only water transportation insurance, but also various transportation insurance.

The CIF that has been operated so far is sea freight. CIP is suitable for any mode of transportation, but it is usually used when the goods are shipped by air and the value of the goods is small.

vi) Cost, Insurance and Freight (CIF).

The term is "cost, insurance and freight" (...).named port of shipment)" that is, "cost, insurance, plus freight (......Designated port of destination)". It means that in addition to the seller's obligations as the term "cost and freight", the seller is required to purchase marine insurance and pay premiums for loss of or damage to the goods while the goods are in transit. This term applies to sea or inland waterway transport.

8) Freight and Insurance Paid To (CIP).

The term is "carriage and insurance paid to" (...).named place of destination", i.e., "Freight and insurance are paid to (......Specify the destination). It refers to the seller in addition to the liability for the payment of freight to (......designation of the destination)" in addition to the obligation to obtain marine insurance and pay premiums for the risk of loss of or damage to the goods that are to be borne by the buyer while the goods are in transit. This term applies to any mode of transportation.

The similarities between the two are: their ** composition includes the usual freight and the agreed insurance premium, and the contract concluded according to these two terms is a shipping contract However, there are obvious differences between CIP and CIF terms in terms of the demarcation of risks at the place of delivery and the responsibilities and expenses borne by the seller: CIF is applicable to maritime transportation, the place of delivery is at the port of shipment, the division of risk is bounded by the side of the ship at the port of shipment, and the seller is responsible for chartering and booking, paying the freight from the port of shipment to the port of destination, and applying for water transportation insuranceto pay insurance premiums; CIP terminology applies to all modes of transport, the place of delivery is agreed upon by both parties according to the different modes of transport, and the risk is that the goods are transferred while the carrier is in control The seller is responsible for handling the entire transportation from the place of delivery to the named destination, not just the water transport insurance The insurance handled by the seller is not only the water transport insurance, but also all kinds of transport insurance