CIF - COST, INSURANCE AND FREIGHT Responsibilities

A The Seller Must B The Buyer Must
A1
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. B1
Payment of the Price
The buyer must pay the price as provided in the contract of sale.
A2
Licenses, Authorizations and Formalities
The seller must obtain at its own risk and expense any export licence or other official authorisation and carry out, where applicable, all customs formalities necessary for the export of the goods. B2
Licenses, Authorizations and Formalities
The buyer must obtain at its own risk and expense any import licence or other official authorisation and carry out, where applicable, all customs formalities for the import of the goods and for their transit through any country.
A3
Contract of Carriage and Insurance
(a) Contract of carriage
The seller must contract on usual terms at its 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.
(b) Contract of insurance
The seller must obtain at its 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 form the insurer and provide the buyer with the insurance policy or other evidence of insurance cover.
The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the Institute Cargo Clauses (Institute of London Underwriters) or any similar set of clauses. The duration of insurance cover shall be in accordance with B5 and B4. When required by the buyer, the seller shall provide at the buyer’s expense war, strikes, riots and civil commotion risk insurances if procurable. The minimum insurance shall cover the price provided in the contract plus ten per cent (i.e. 110%) and shall be provided in the currency of the contract. B3
Contract of Carriage and Insurance
(a) Contract of carriage
No obligation.
(b) Contract of insurance
No obligation.
A4
Delivery
The seller must deliver the goods on board the vessel at the port of shipment on the date or within the agreed period. B4
Taking Delivery
The buyer must accept delivery of the goods when they have been delivered in accordance with A4 and receive them from the carrier at the named port of destination.
A5
Transfer of Risks
The seller must, subject to the provisions of B5, bear all risks of loss of or damage to the goods until such time as they have passed the ship’s rail at the port of shipment. B5
Transfer of Risks
The buyer must bear all risk of loss of or damage to the goods from the time they have passed the ship’s ail at the port of shipment.
The buyer must, should he fail to give notice in accordance with B7, bear all risks of loss of or damage to the goods from the agreed date or the expiry date of the period fixed for shipment provided, however, that the goods have been duly appropriated to the contract, that is to say, clearly set aside or otherwise identified as the contract goods.
A6
Division of Costs
The seller must, subject to the provisions of B6, pay:
All costs relating to the goods until such time as they have been delivered in accordance with A4; and
The freight and all other costs resulting form A3 a), including the costs of loading the goods on board; and
The costs of insurance resulting form A3 b); and
Any charges for unloading at the agreed port of discharge which were for the seller’s account under the contract of carriage; and
Where applicable, the costs of customs formalities necessary for export as well as all duties, taxes and other charges payable upon export, an for their transit through any country if they were for the seller’s account under the contract of carriage. B6
Division of Costs
The buyer must, subject to the provisions of A3, pay:
All costs relating to the goods from the time they have been delivered in accordance with A4; and
All costs and charges relating tot the goods whilst in transit until their arrival at the port of destination, unless such costs and charges wre for the seller’s account under the contract of carriage; and
Unloading costs including lighterage and wharfage charges, unless such costs and charges were for the seller’s account under the contract of carriage; and
All additional costs incurred if he fails to give notice in accordance with B7, for the goods from the agreed date or the expiry date of the period fixed for shipment, provided, however, that the goods have been duly appropriated to the contract, that is to say, clearly set aside or otherwise identified as the contract goods; and
Where applicable, all duties, taxes and other charges as well as the costs of carrying out customs formalities payable upon import of the goods and, where necessary, for their transit through any country unless included within the cost of the contract of carriage.
A7
Notice to the Buyer
The seller must give the buyer sufficient notice that the goods have been delivered in accordance with A4 as well as any other notice required in order to allow the buyer to take measures which are normally necessary to enable it to take the goods. B7
Notice to the Seller
The buyer must, whenever he is entitled to determine the time for shipping the goods and/or the port of destination, give the seller sufficient notice thereof.
A8
Proof of Delivery, Transport Document or Equivalent Electronic Message
The seller must, at its own expense, provide the buyer without delay with the usual transport document for the agreed port of destination.
This document (for example a negotiable bill of lading, a non-negotiable sea waybill or an inland waterway document) must cover the contract goods, be dated within the period agreed for shipment, enable the buyer to claim the good from the carrier at the port of destination and, unless otherwise agreed, enable the buyer to sell the goods in transit by the transfer of the document to a subsequent buyer (the negotiable bill of lading) or by notification to the carrier. B8
Proof of Delivery, Transport Document or Equivalent Electronic Message
The buyer must accept the transport document in accordance with A8 it is in conformity with the contract.
A9
Checking - Packaging - Marking
The seller must pay the costs of those checking operations (such as checking quality, measuring, weighing, counting) which are necessary for the purpose of delivering the goods in accordance with A4.
The seller must provide at its own expense packaging (unless it is usual for the particular trade to ship the goods of the contract description unpacked) which is required for the transport of the goods arranged by it. Packaging is to be marked appropriately. B9
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.
A10
Other Obligations
The seller must render the buyer at the buyer’s request, risk and expense, every assistance in obtaining any documents or equivalent electronic messages (other than those mentioned in A8) issued or transmitted in the country of shipment an/or of origin which the buyer may require for the import of the goods and, where necessary, for their transit through any country.
The seller must provide the buyer, upon request, with the necessary information for procuring any additional insurance. B10
Other Obligations
The buyer must pay all costs and charges incurred in obtaining the documents or equivalent electronic messages mentioned in A10 and reimburse those incurred by the seller in rendering its assistance in accordance therewith.
The buyer must provide the seller, upon request, with the necessary information for procuring insurance.

A	The Seller Must	B	The Buyer Must
A1	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.	B1	Payment of the Price The buyer must pay the price as provided in the contract of sale.
A2	Licenses, Authorizations and Formalities The seller must obtain at its own risk and expense any export licence or other official authorisation and carry out, where applicable, all customs formalities necessary for the export of the goods.	B2	Licenses, Authorizations and Formalities The buyer must obtain at its own risk and expense any import licence or other official authorisation and carry out, where applicable, all customs formalities for the import of the goods and for their transit through any country.
A3	Contract of Carriage and Insurance (a) Contract of carriage The seller must contract on usual terms at its 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. (b) Contract of insurance The seller must obtain at its 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 form the insurer and provide the buyer with the insurance policy or other evidence of insurance cover. The insurance shall be contracted with underwriters or an insurance company of good repute and, failing express agreement to the contrary, be in accordance with minimum cover of the Institute Cargo Clauses (Institute of London Underwriters) or any similar set of clauses. The duration of insurance cover shall be in accordance with B5 and B4. When required by the buyer, the seller shall provide at the buyer’s expense war, strikes, riots and civil commotion risk insurances if procurable. The minimum insurance shall cover the price provided in the contract plus ten per cent (i.e. 110%) and shall be provided in the currency of the contract.	B3	Contract of Carriage and Insurance (a) Contract of carriage No obligation. (b) Contract of insurance No obligation.
A4	Delivery The seller must deliver the goods on board the vessel at the port of shipment on the date or within the agreed period.	B4	Taking Delivery The buyer must accept delivery of the goods when they have been delivered in accordance with A4 and receive them from the carrier at the named port of destination.
A5	Transfer of Risks The seller must, subject to the provisions of B5, bear all risks of loss of or damage to the goods until such time as they have passed the ship’s rail at the port of shipment.	B5	Transfer of Risks The buyer must bear all risk of loss of or damage to the goods from the time they have passed the ship’s ail at the port of shipment. The buyer must, should he fail to give notice in accordance with B7, bear all risks of loss of or damage to the goods from the agreed date or the expiry date of the period fixed for shipment provided, however, that the goods have been duly appropriated to the contract, that is to say, clearly set aside or otherwise identified as the contract goods.
A6	Division of Costs The seller must, subject to the provisions of B6, pay: All costs relating to the goods until such time as they have been delivered in accordance with A4; and The freight and all other costs resulting form A3 a), including the costs of loading the goods on board; and The costs of insurance resulting form A3 b); and Any charges for unloading at the agreed port of discharge which were for the seller’s account under the contract of carriage; and Where applicable, the costs of customs formalities necessary for export as well as all duties, taxes and other charges payable upon export, an for their transit through any country if they were for the seller’s account under the contract of carriage.	B6	Division of Costs The buyer must, subject to the provisions of A3, pay: All costs relating to the goods from the time they have been delivered in accordance with A4; and All costs and charges relating tot the goods whilst in transit until their arrival at the port of destination, unless such costs and charges wre for the seller’s account under the contract of carriage; and Unloading costs including lighterage and wharfage charges, unless such costs and charges were for the seller’s account under the contract of carriage; and All additional costs incurred if he fails to give notice in accordance with B7, for the goods from the agreed date or the expiry date of the period fixed for shipment, provided, however, that the goods have been duly appropriated to the contract, that is to say, clearly set aside or otherwise identified as the contract goods; and Where applicable, all duties, taxes and other charges as well as the costs of carrying out customs formalities payable upon import of the goods and, where necessary, for their transit through any country unless included within the cost of the contract of carriage.
A7	Notice to the Buyer The seller must give the buyer sufficient notice that the goods have been delivered in accordance with A4 as well as any other notice required in order to allow the buyer to take measures which are normally necessary to enable it to take the goods.	B7	Notice to the Seller The buyer must, whenever he is entitled to determine the time for shipping the goods and/or the port of destination, give the seller sufficient notice thereof.
A8	Proof of Delivery, Transport Document or Equivalent Electronic Message The seller must, at its own expense, provide the buyer without delay with the usual transport document for the agreed port of destination. This document (for example a negotiable bill of lading, a non-negotiable sea waybill or an inland waterway document) must cover the contract goods, be dated within the period agreed for shipment, enable the buyer to claim the good from the carrier at the port of destination and, unless otherwise agreed, enable the buyer to sell the goods in transit by the transfer of the document to a subsequent buyer (the negotiable bill of lading) or by notification to the carrier.	B8	Proof of Delivery, Transport Document or Equivalent Electronic Message The buyer must accept the transport document in accordance with A8 it is in conformity with the contract.
A9	Checking - Packaging - Marking The seller must pay the costs of those checking operations (such as checking quality, measuring, weighing, counting) which are necessary for the purpose of delivering the goods in accordance with A4. The seller must provide at its own expense packaging (unless it is usual for the particular trade to ship the goods of the contract description unpacked) which is required for the transport of the goods arranged by it. Packaging is to be marked appropriately.	B9	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.
A10	Other Obligations The seller must render the buyer at the buyer’s request, risk and expense, every assistance in obtaining any documents or equivalent electronic messages (other than those mentioned in A8) issued or transmitted in the country of shipment an/or of origin which the buyer may require for the import of the goods and, where necessary, for their transit through any country. The seller must provide the buyer, upon request, with the necessary information for procuring any additional insurance.	B10	Other Obligations The buyer must pay all costs and charges incurred in obtaining the documents or equivalent electronic messages mentioned in A10 and reimburse those incurred by the seller in rendering its assistance in accordance therewith. The buyer must provide the seller, upon request, with the necessary information for procuring insurance.

CIF - COST, INSURANCE AND FREIGHT Responsibilities

Provision of Goods in Conformity with the Contract

Payment of the Price

Licenses, Authorizations and Formalities

Licenses, Authorizations and Formalities

Contract of Carriage and Insurance (a) Contract of carriage

(b) Contract of insurance

Contract of Carriage and Insurance (a) Contract of carriage

(b) Contract of insurance

Delivery

Taking Delivery

Transfer of Risks

Transfer of Risks

Division of Costs

Division of Costs

Notice to the Buyer

Notice to the Seller

Proof of Delivery, Transport Document or Equivalent Electronic Message

Proof of Delivery, Transport Document or Equivalent Electronic Message

Checking - Packaging - Marking

Inspection of Goods

Other Obligations

Other Obligations

Notes

Contract of Carriage and Insurance
(a) Contract of carriage

Contract of Carriage and Insurance
(a) Contract of carriage