Difference between CIP and CFR in shipping terms

 

The information provided here is part of Online Training Course on howtoexportimport


How to differentiate CFR with CIP?

 

Difference between CIP and CFR in shipping terms copyWhat are the difference between CIP and CFR?

 

As per Inco terms of shipping, CIP means Carriage and Insurance Paid (named destination mentioned). CFR means, Cost and Freight (up to the destination mentioned).

 

The detailed articles on CFR and CIP with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CFR and CIP, so as to enable you to have a clear idea on these shipping terms.

 

The major difference between CFR and CIP is that the shipping term CIP is used in all modes of transport, where as CFR terms of shipping is used only for sea and inland water transport.

 

What is CIP? What are the responsibilities of buyer and seller under CIP terms? How does CFR term work? What are the obligations of buyer and seller under CFR terms of shipping.

 

For your immediate reference, I give below web links on CIP and CFR separately below.

 

 

 

Explained CIP terms of shipping in simple language

 

What is CFR term in Shipping?

 

 

Detailed articles about Inco Terms of Delivery under export and import of International business  have been mentioned in  separate category – INCO TERMS – in this web site.  You can click here to read.

 

The above articles easily explain about CFR and CIP.

 

I hope, you have satisfied with the difference between CIP and CFR explained easily. Do you have different thought on difference between CFR and CIP?

 

The above information is a part of Export import business Course online


Posts about export import online training

Difference between DDP and CFR in shipping terms
Difference between CFR and CPT in shipping terms
Difference between CFR and DAT in shipping terms
Difference between CFR and DAP in shipping terms
Difference between CIP and CPT in shipping terms

Difference between CIP and DAP in shipping terms
Difference between CIP and DDP in shipping terms
12 tips to Seller on CIP terms of Delivery  
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies    
Types of export containers
Measurement of export containers


Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

 

Why do carriers balance weight and volume while charging freight amount in Exports?
Why, best attention while preparing Export Invoice?
Is Letter of Credit LC safe for an Importer?
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2 
 How to minimize import cargo clearance time? An open logic proposal to WTO   
Why does Palletization require?
 Why labeling and marking in Export business?
How to obtain a duplicate BL, if original bill of lading lost.
Why, best attention while preparing Export Invoice?
Importing procedures for Sanitary, Engines and Management ,Environment quality.         

 

How to import Works Of Art. Collectors' Pieces, Antiques   
How to import Goods under chapter 96 of HS Code
What is Test Report in Import clearance
What is Shut out in export trade
 What is CT3 form. How to get CT3. Why CT3 required
 What is customs bonded area in exports and imports
  What is Rummaging
 How does First Appraisement system of import customs clearance procedures work?
Use of ventilated containers  
Difference between normal dry container and Plat form container  
Import customs processes for importation of milling industry products                    
Importation of Cereals
Types of Export Containers   
Dimension of Cargo Containers

Import documents required for Tea,Coffee,Mate and Spices
Reduction of BCD on Ships imported for breaking up, Indian Budget 2014
Reduction of import duties on LED,LCD,Television, Computer, Laptop,Tablets etc in Budget 2014          
Import of milk,cheese,curd, Kephir and other milk products
Importation processes of Fish and crustaceans        
How to import Meat and Edible meat offal    
 When can an exporter release bill of lading from shipping company?
 When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
 How does comprehensive policy of ECGC work for exporters?
The term FCL. What is FCL means
 How to differentiate CPT and DAP in shipping terms
 How to divert cargo from one port to another?
 How transshipment bill of lading works?
 Import customs clearance procedures
Use of Hard top Container
Types of Export Containers   






Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers