C I F (Cost, Insurance and Freight) (

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C I F(Cost, Insurance and Freight)
(named port of destination)
?????? 200515874 ? ? ?
?????? 200515849 ? ? ?
?????? 200515843 ? ? ?
??????? 200616366 ? ? ?
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Table of contents

• 1. INCOTERMS 2000
• 2. CIF
• - CONCEPT
• - CHARACTERISTC
• - SELLER/BUYER s OBLIGATIONS
• 3. COMPARISON(vs FOB, CIP)
• 4. EXAMPLES OF THE CIF TERMS
• 5. QUESTION ANSWER

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INCOTERMS 2000

• ? INCOTERMS..?
• - ??????? ??? ?? ???? (International Rules
• for the Interpretation of the Trade Terms
  International Co
• mmercial Terms)
• - ????????? ???? ?? ???? ??? ?? ?
• ?? ??? ?????? ????? ???? ??.
• ? INCOTERMS ??
• - ?????? ??? ???
• - ????? ??? ??

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INCOTERMS 2000

• ? INCOTERMS 2000 ????
• ? ?? ???? ??? ??? ???? ??
• ? EDI? ?? ???? ??
• ? EU? ?? ??????? ??
• ? INCOTERMS 2000 ??
• ? E group EXW
• ? F group FOB, FCA, FAS
• ? C group CPT, CIP, CFR, CIF
• ? D group DEQ, DES, DAF, DDU, DDP

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INCOTERMS 2000 - ???
Terms Transfer time of risks and costs for goods
EXW ???? ????? ???? ??????? ??? ?
FCA ????? ??? ??? ?
FAS ??? ??? ??? ?
FOB ??? ??? ??? ?(?, ??? ??? ??? ? CFR??? ??, CIF??? ??? ???? ???? ????? ??)
CFR ??? ??? ??? ?(?, ??? ??? ??? ? CFR??? ??, CIF??? ??? ???? ???? ????? ??)
CIF ??? ??? ??? ?(?, ??? ??? ??? ? CFR??? ??, CIF??? ??? ???? ???? ????? ??)
CPT ????? ??? ??? ?(?, ????? ??? ? CPT??? ??, CIP??? ???? ???? ???? ????? ??)
CIP ????? ??? ??? ?(?, ????? ??? ? CPT??? ??, CIP??? ???? ???? ???? ????? ??)
DAF ???? ???? ??????? ??? ?
DES ????? ???? ??????? ??? ?
DEQ ????? ???? ??????? ??? ?
DDU ????? ???(?? ?? ??? ?3?)? ?? ????? ??? ?
DDP ????? ???(?? ?? ??? ?3?)? ?? ????? ??? ?
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CIF - Concept

• ? ????? ???? (Cost, Insurance and Freight)
• Cost, Insurance and Freight" means that the
  seller delivers when the goods pass the ship's
  rail in the port of shipment.
• Consequently, the seller contracts for
  insurance and pays the insurance premium. The
  buyer should note that under the CIF term the
  seller is required to obtain insurance only on
  minimum cover. 
• This term can be used only for sea and inland
  waterway transport.

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CIF - Concept
Ships rail
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CIF - Concept

• ? ????? ???? (Cost, Insurance and Freight)
• ? ??? ????? ????(ship's rail) ?? ? ???? ??(????
  ??)?? ??
• ? ???? ?? ??? ??? ??? ??? ???? ?. ? ?? ? ??? ???
  ??? ?? ??? ??, ??? ????? ??
• ? ???? ????? ??(procure)?? ?. ?, ???? ??, ???
  ??(?? ??? ??)? ?? ?. ? ??? Minimum Cover?? ???.
  ???? ? ???? ??(protection)?? ?? ??, ??? ??? ???
  ??? ??? ????? ???? ?
• ? ???? ??????? ???? ?
• ? ????(??????)?? ??? ???
• ? ????(ship's rail)? ???? ??? ??? ??? ?? ??
•     ? CIP??

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CIF - Characteristic

• ? ????? ???? ??? ?? ?? ? CFR,
• CIF, CPT, / DAF, DES, DEQ, DDU, DDP
•      ????? ???? ??? ?? ?? ? FCA,
• FAS, FOB
•    
• ? ????? EXW? ???? ???, ??? ? ? ???? ??? ?????
  ??. ??? ????? ???? ??? ?? ??? CIF, CIP

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CIF - Characteristic

• ? ?????? ???? ??? ??????? ??
• ? ???? ????? ?? ???? ????? ???? ????? ??????
  ??? ???? ???? ?? ?????? ???
• ? ??? ??(actual delivery)? ?? ??? ?? ???
  ??(symbolic delivery)
• ? ???????? ??

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CIF - ??? ??? ??

• ? Division of risks
• when the goods pass the ship's rail
• in the port of shipment.
• ? Transfer of costs
• FOB terms freight insurance fee
• ??? ?? ??? ??

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The sellers OBLIGATIONS

• ? ??? ???? ??? ??
• (Provision of goods in conformity with the
  contract)
• The seller must provide the goods and the
  commercial invoice, or its equivalent electronic
  message, in conformity with the contract of sale
  and any other evidence of conformity which may be
  required by the contract.
• - ????? ???? ??? ???? ??.

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The sellers OBLIGATIONS

• ? ??? ????
• (Contract of carriage of insurance)
• ? Contract of carriage
• The seller must contract on usual terms at
  his own expense for the carriage of the goods to
  the named port of destination by the usual route
  in a seagoing vessel(or inland waterway vessel as
  the case may be) of the type normally used for
  the transport of goods of the contract
  description.
• - ???? ??? ??????..

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The sellers OBLIGATIONS

• ? ??? ????
• (Contract of carriage of insurance)
• ? Contract of insurance
• The seller must obtain at his own expense
  cargo insurance as agreed in the contract, such
  that the buyer, or any other person having an
  insurable interest in the goods, shall be
  entitled to claim directly from the insurer and
  provide the buyer with the insurance policy or
  other evidence of insurance cover.
• - ???? ??? ??????..

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The buyers OBLIGATIONS

• ? ??????(Payment of the price)
• The buyer must pay the price as provided
  in the contract
• of sale.
• ? ?????? ??
• (Licences, authorizations and formalities)
• The buyer must obtain at his own risk and
  expense any import licence or other official
  authorization and carry out, where applicable,
  all customs formalities for the import of the
  goods and for their transit through any country.

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The buyers OBLIGATIONS

• ? ??? ?? (Inspection of goods)
• The buyer must pay the costs of any
  pre-shipment inspection except when such
  inspection is mandated by the authorities of the
  country of export.
• - ??? ??? ?? ??? ??? ?? ?? ?? ???
• ?? ?? ????? ???? ??

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Comparison (vs FOB)

• ? CIF? FOB? ???
• ?. ????? ???
• ?. ?????? ??? ??

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Comparison (vs FOB)

• ? CIF? FOB? ???
• ?. ????
• ?. ????
• ex) FOB ???(?), CIF???(?)
• ?. ???? ??
• ?. ??? ???

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Comparison (vs CIP)

• ? CIP? CIF? ???
• ?. ???, ?????? ????? ????.
• ?. ???, ?????? ??????? ????.
• ?. ?? ???? ????? ??.
• ?. ???(?? ? ??)? ????? ?? ????? ??.

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Comparison (vs CIP)

• ? CIP? CIF? ???
• ?. ????? ???
• ?. ????? ????
• ?. ???? ???? ??
• ? ???? ??? ????? ?? ?????
• ????? ???? ??

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Examples of CIF terms

• ? CIF???? ???? ??? ??
• - ????? CIF???? ???? ????? ??? ??? ????? ???
  ??? ??. ??? ???? ??? B/L?? ????? ??? ??? ? ?? ??.
  
• ltG.H Renton Co. Ltd. v. Palmyra Trading
  Corporation of Panama ??gt
•  ?? ???? ??? ?? ??? ???? ?? ??? ?????
• "at any safe and convenient port"? ??? ? ??? ???
  ??.
• ????? ????? ???? ???? ??? ??? ??.

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Question Answer

• Thank you..