What does CIF look like?

CIF, or Cost, Insurance, and Freight, is an International Shipping term that indicates the seller is responsible for the costs, insurance, and freight necessary to transport goods to a specified port of destination. Under CIF, the seller pays for the shipping and insurance, ensuring that the goods are covered against loss or damage during transit. Once the goods arrive at the port, the risk and responsibility transfer to the buyer. In a CIF transaction, the seller must provide the buyer with documents proving the shipment and insurance coverage.