At NINGBO WEIMO ARTICLE CO., LTD., we can trade under CIF terms. CIF stands for cost, insurance, freight. The price of goods in CIF contracts is inclusive of freight and insurance cost to the destination. The temptation to buy on CIF basis is very hard to resist as it removes so many hassles and headaches. Under CIF contracts, you don’t have to coordinate with a freight forwarder and do not have to negotiate freight rates. All you have to do is to wait for the vessel or airplane to arrive. And if there is any incident during the transportation, such as cargo lost or damaged, you could get redress against the carriers and insurer. So if your order amount is huge and you do not want to deal with logistics issues, CIF contract is recommended.
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