CIF term requires the seller to clear the goods for export. This term can be used only for sea and inland waterway transport. means that the seller delivers when the goods pass the ship's rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination
such as the machine will ship insurance to buyers from beginning to end. Bring products from the factory to the port, then the seller ships the goods. Sort ship goods to send to the buyer. When the goods are delivered to the buyer assumes the seller's work is complete. And buyers put a product on the boat up to the port to the plant.
But in the case of risk of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery it wil transfer to the seller.
CIF the seller also has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage.