CFR vs. CIF Explained! Demystify these essential Incoterms Cost and Freight ( CFR ) & Cost, Insurance, and Freight ( CIF ) in this video, designed specifically for beginners in international shipping.
Uncover the Details of CFR Incoterms:
Understand the seller's responsibilities under CFR, including arranging and paying for ocean freight to the destination port ( Cost and Freight ). Learn about the buyer's role in CFR incoterms, covering unloading costs, import duties, and onward transportation.
Dive Deep into CIF Incoterms:
Grasp the difference between CFR and CIF - it's all about Cost Insurance Freight !
Discover how CIF adds an extra layer of protection for your shipment with mandatory minimum marine insurance arranged by the seller. Explore the benefits and drawbacks of choosing CIF incoterms for your import/export transactions.
Bonus! We'll provide a clear breakdown of Incoterms and how they simplify international trade.
Ready to become a CFR and CIF pro? Watch now and subscribe to Adrian The Logistician for more in-depth logistics content! Got questions about CFR vs. CIF? Leave them in the comments!
0:00 Intro
0:15 Our commitment to create series of video of incoterms
0:35 Things to prepare before watching this video
0:50 Introduction of Incoterms
1:06 Introduction of CFR and CIF
1:27 Seller's responsibility in CFR arrangement
3:13 Buyer's responsibility in CFR arrangement
4:05 The difference between CFR and CIF
4:23 Our contact details
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