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What is CIF Shipping, How to Calculate CIF Value for Export (Complete Details in URDU/HINDI)

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What is CIF Shipping: In this video, we explain What is CIF Shipping, How to Calculate CIF Value for Export. Subscribe to our channel for more videos. http://www.pakistancustoms.net/2018/01/What-is-CIF-Shipping-How-to-Calculate-CIF-Value-for-Export-in-URDU-HINDI.html What is CIF Shipping, How to Calculate CIF Value for Export What is CIF terms of delivery? How does CIF terms work in international business? Who covers risk of goods under CIF terms? Under CIF terms of delivery in export business, Cost Insurance and Freight included in the selling cost of goods. I will explain CIF terms of delivery with a simple example. You are a Machinery seller situated in Karachi, Pakistan. The buyer is situated in New York. You are the seller of goods and you have contracted with the buyer and agreed to sell the goods on CIF New York price of USD 5750. Here the selling cost of goods is USD 5750 CIF New York. You (the seller) arrange to carry the goods to Karachi port and meet all expenses including customs clearance in Karachi and pays the ocean freight or airfreight up to New York, by appointing a shipping line or airlines. In other words, all delivery expenses up to New York is borne by the seller. Apart from the same, under CIF terms of delivery, Insurance of goods also must be arranged by you as a seller. Once reached the cargo in New York, the buyer takes delivery of cargo after customs clearance at his own cost after paying duties or tax if any. Thanks for watching What is CIF Shipping, How to Calculate CIF Value for Export video and don't forget to like, comment and share. Related Searches: Cif, Cif Shipping, Cif Incoterms, Cif Incoterm, Cif Terms, Cif Freight, Cost Insurance And Freight, Cost Insurance Freight, Cif Insurance,
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Text Comments (4)
Lovely MShakeel (1 day ago)
Plz tell us this is uded on import
Lovely MShakeel (1 day ago)
Import pay b ye condition ho gi
Can i have your notes ???
Basit Ansari (7 months ago)
Import par bhi ye condition hogi cif

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