Tìm hiểu về CFI học phần Tiếng anh cơ bản
Tìm hiểu về CFI học phần Tiếng anh cơ bản của trường đại học Tài chính - Marketing giúp sinh viên củng cố, ôn tập kiến thức và đạt kết quả cao trong bài thi kết thúc học phần. Mời bạn đón đón xem!
Môn: Tiếng anh cơ bản
Trường: Đại học Tài Chính - Marketing
Thông tin:
Tác giả:
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CIF (Cost, Insurance and Freight)
CIF is conditions are specifically regulated for freight transport by waterway.
The cost transfer point
- The seller takes the costs:
- Cost of export clearance.
- Cost of delivering the goods to the ship
- Costs of issuing and sending the commercial invoice
- Costs of obtaining an export license or other authorizations
- The cost of concluding the contract of carriage
- The cost of insurance
- Cost of packaging and marking the products
- The cost of giving information to the buyer (e.g., the goods have been delivered to the ship)
- Costs of quality control (measurement, weighing, counting).
- The buyer takes the costs:
- Costs of informing the seller of the date of dispatch of the goods and theport of destination;
-Costs of import license and others authorizations;
-Cost of import clearance;
-The costs of obtaining documents (or equivalent electronic documents) which are necessary for the buyer to import or transit the goods;
-Costs of pre-shipment checks on the products (except where the
authorities require such checks of the exporting country);
-All costs not covered by the contract or not being freight but relating to the goods during transport from the port of loading;
-Additional charges are resulting from the failure to notify the seller of the time of dispatch or destination.
Risks or damages transfer point
-Risk of loss or damage is transferred from the seller to the buyer when the goods are delivered on board the vessel.
The buyer assumes the risk of the goods as soon as they are loaded onto the ship's deck at the port of export. This means that all risks of loss and damage to the goods in connection with transportation will be borne by the buyer. Buyers who want to limit this risk will ask the seller to buy freight insurance for themselves, the high or low level will be agreed upon by both parties.
If there are no further provisions in the foreign trade contract, the seller can purchase insurance with the smallest benefit (Type C).
-The point of transfer of risk in CIF terms is the point at which the seller's risk ends and the buyer assumes that risk from the seller. At CIF, the place of risk transfer is when the goods are successfully delivered on board the seller's ship at the port of export.
Since the seller pays the shipping, freight, and insurance costs until the cargo arrives at the buyer's destination port, the cost transfer occurs when the goods have arrived at the buyer's port. However, the risk transfer occurs from the seller to the buyer when the goods have been loaded on the vessel. Although the seller must purchase insurance, the buyer has ownership of the goods once loaded onto the ship, and if the goods have been damaged during transit, the buyer must file a claim with the seller's insurance company.
3. The goods delivery among the contract parties and their
responsibilities in the incoterms required
-The seller must delivery the good clear them for export, and load them onto the transport ship.
According to this rule, the products are delivered by the seller at the moment when the goods pass the ship’s side at the port of loading. From now on, the seller is no longer liable for damage or loss of goods.These responsibilities are transferred to the buyer.
-The responsibilities
- The responsibilities of the seller:
-The seller is obliged to conclude a contract of carriage to a designated port of shipment at his own expense.
-Conclude and pay the freight contract costs.
-The seller is responsible for the loading the goods on the vessel. -The seller is obliged to conclude an insurance agreement (with minimum coverage) and deliver it to the buyer.
-Is responsible for the export clearance and related costs.
- The responsibilities of the buyer:
-The buyer is responsible for any damage or theft of the goods after the goods have been loaded to the vessel.
-Is obliged to bear all the costs required to obtain the certificate of origin, consular documents and import rates of duty.
-He has to inform the seller of the designated port, the name of the vessel and the delivery date.
-He organizes the import clearance and bears all related costs.
The buyer has to obtain all documents necessary for import or transit.
