Imports are valued at cif (cost-insurance-freight).

As a boat owner, have you considered boat insurance?

Term CIF: Cost Insurance Freight / Named port of destination

The term CIF: Cost Insurance Freight / Named port of destination

We therefore strongly recommend that you purchase Marine Cargo Insurance to cover the value of your cargo.

CIF : Imports of goods are valued in CIF ie Cost Insurance Freight, excluding customs duties and VAT.

The seller must at his own expense carry cargo insurance, corresponding to at least the minimum coverage, as required by paragraph "C" Institutskaya terms of cargo insurance (Cargo Clause) (LMA / IUA) or other similar conditions.

In addition, the Seller shall take out, at its own expense, transport insurance at least equal to the minimum cover provided for in Clauses (C) of the Institute Cargo Clauses (LMA/IUA) or similar clauses.

The seller must at his own expense carry cargo insurance, corresponding to at least the minimum coverage, as required by paragraph "C" Institutskaya terms of cargo insurance (Institute Cargo Clause) (LMA / IUA) or other similar conditions.

CIF : Imports of goods are valued in CIF ie Cost Insurance Freight, excluding customs duties and VAT.