Incoterms® 2010 Rules—CIF Cost insurance and freight [Archived]

Copyright © 2025 LexisNexis
Published by a LexisNexis Commercial expert
Practice notes

Incoterms® 2010 Rules—CIF Cost insurance and freight [Archived]

Copyright © 2025 LexisNexis

Published by a LexisNexis Commercial expert

Practice notes
imgtext

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—CIF Cost insurance and freight

The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org.

Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the CIF Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—CIF Cost insurance and freight.

CIF (insert named port of destination) Incoterms® 2010

Guidance note

This rule is to be used only for sea or inland waterway transport.

‘Cost, Insurance and Freight’ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Incoterms definition
What does Incoterms mean?

An abbreviation of 'International Commercial Terms'—a set of globally recognised terms and conditions used in international, and sometimes domestic, contracts for the sale and purchase of goods.

Read more readmore

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a