CIF (Cost, Insurance and Freight)
The seller pays the freight and a minimum insurance to the destination port, but the risk passes to the buyer as soon as the goods are loaded on the vessel at origin.
CIF means the price includes the goods, the ocean freight to the named destination port and minimum-coverage insurance. The catch: risk transfers at loading, not at arrival. If something happens mid-ocean, the buyer claims on the insurance the seller bought. Unloading, import duties and onward delivery are on the buyer. Sea freight only.