Import on CIF

When it comes to importing from China, you should carefully choose the most suitable Incoterms 2020. In terms of imports from China, the most popular Incoterms are the FOB and CIF rules. Import on CIF seems to be a very convenient solution since most of the obligations are placed on the seller. As the importer, you do not have to worry about concluding the contract of carriage from China and must only wait for the goods to arrive at the port of destination. However, importers that choose the CIF terms are usually unaware of the additional costs that await once the goods reach the port of destination. It is hard to oversee the costs of unloading goods. After that, import on CIF basis does not seem so favorable anymore.

Import on CIF
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