Tools · Incoterms 2020
Pick the right Incoterm
See exactly who pays for and who carries risk for every segment of the shipment under each of the 11 ICC Incoterms 2020 rules. Toggle between cost view and risk view.
Incoterms 2020
·CIF · Cost, Insurance and Freight
Sea onlySea only. CFR + seller-arranged minimum cargo insurance (Institute Cargo Clauses C).
Shipment journey — cost responsibility
When to use
Most common term for sea-freight bulk imports historically — seller arranges everything to UK port + minimum insurance.
Watch out
Default insurance is C-clauses (minimum cover only). For high-value cargo, upgrade to A-clauses or use CIP instead.
Source: ICC Incoterms 2020 (current revision in force). Taurex Freight is not your customs adviser — confirm with your CHA and trade-credit insurer before signing a contract.