WebSep 5, 2024 · FOB, or “Free On Board,” describes an agreement in which the seller is responsible for the goods until they arrive at the seller’s nearest port and are sent, or “past the ship’s rail.” Once they’re loaded and in transit, the buyer assumes all responsibility¹. Defining CIF (Cost, Insurance and Freight) WebView Herbi - Agro (www.herbiagrosa.com) location in Castille and Leon, Spain , revenue, industry and description. Find related and similar companies as well as employees by …
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WebCIF applies to ocean or inland waterway transport only. It is commonly used for bulk cargo, oversized or overweight shipments. If the freight is containerized and delivered only to the terminal, use CIP instead. If using CIP instead, insurance coverage defaults to all-risk; however, the parties may negotiate a lower coverage requirement. WebHerbiagro Sa: CIF: A37022175: Objeto Social: Compra-venta de productos fitosanitarios. Forma jurídica: Sociedad anónima: Actividad: Comercio al por menor de … WebIn CIF terms, the seller clears the goods at origin places the cargo on board and pays for insurance until the port of discharge at the minimum coverage. Even though the seller pays for insurance during the main carriage, the risk is transferred to the buyer at the time the goods are on board. batas republika 7612