Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
The information provided here is part of Import Export Training course online
How to differentiate CIF with DAT?
What are the difference between DAT and CIF?
As per Inco terms of shipping, DAT means Delivered at Terminal (named destination mentioned). CFR means, Cost and Freight (up to the destination mentioned).
The detailed articles on CIF and DAT with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CIF and DAT, so as to enable you to have a clear idea on these shipping terms.
The major difference between CIF and DAT is that the shipping term DAT is used in all modes of transport, where as CIF terms of shipping is used only for sea and inland water transport.
What is DAT? What are the responsibilities of buyer and seller under DAT terms? How does CIF term work? What are the obligations of buyer and seller under CIF terms.
For your immediate reference, I give below web links on DAT and CIF separately below.
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
The above articles easily explain about CIF and DAT.
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.
I hope, you have satisfied with the difference between DAT and CIF explained easily. Do you have different thought on difference between CIF and DAT?
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
The above information is a part of Online Training Course on howtoexportimport
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