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HOME → INCOTERMS 2020 · CIF · OPERATIONAL VALUE SHEET

INCOTERMS 2020 · CIF · OPERATIONAL VALUE SHEET

CIF: separate who pays from when risk moves.

Under CIF the seller contracts freight and minimum insurance to the named destination port, while risk moves earlier when the goods are on board. That split matters when the invoice and valuation trail are reviewed.

DIRECT ANSWER · CIF

Use for sea or inland-waterway shipments when the seller contracts freight and minimum insurance to the named destination port.

Risk moves on board at the port of shipment even though the seller pays freight and insurance to destination.

ORIGINAL OPERATIONAL MAP

Delivery, cost and risk handoff.

  1. 01Export preparationSeller
  2. 02On board · risk transfersSeller → Buyer risk
  3. 03Freight + minimum insuranceSeller pays
  4. 04UK import and deliveryBuyer
SELLER HANDOFF

Seller side

  • Export clearance
  • Delivery on board
  • Freight and minimum insurance to named port
BUYER HANDOFF

Buyer side

  • Risk during main carriage
  • UK import clearance
  • Onward delivery after destination port
VALUE WORKPAPER

Four checks before the number moves.

Keep the named place, transport evidence and commercial invoice tied to the same consignment.

  1. 01Confirm whether freight and insurance are already included in the invoice price.
  2. 02Separate destination handling and post-import transport where the evidence permits.
  3. 03Match the insurance certificate and freight document to the invoiced consignment.
  4. 04Do not add the same freight or insurance amount twice.
SVGCIF operational mapDOWNLOAD ↓
NEXT WORKPAPER

Cross-foot the cost trail.

Bring the goods amount, currency direction, freight, insurance and adjustments into one browser-only calculation.

OPEN THE VALUE + DUTY WORKPAPER →BACK TO THE INCOTERMS CHOOSER
PRIMARY SOURCE REGISTER

Keep the official page open.

Facts above are traced to the source edition checked on 17 July 2026. Operational prompts organise the job; they do not replace the current official instruction.

  1. Customs valuation: IncotermsHM Revenue & Customs · GOV.UK · CHECKED 17 JULY 2026
  2. Customs valuationHM Revenue & Customs · GOV.UK · CHECKED 17 JULY 2026
  3. Incoterms rulesInternational Chamber of Commerce · CHECKED 17 JULY 2026

Bring the real workflow to the numbers call.

Map the source documents, current handling time, customs system and failure points. Leave with the best first workflow and an ROI range.

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SOURCE-LED AUTHORITY ASSET · REVIEWED 2026-07-17 · SOURCES AND CORRECTIONS · pack@getdeclarix.com