CIF – Cost Insurance and Freight is a two-point sea clausula. It differs from CFR in that the salesman beside the cost bears the insurance price too until arriving at the destination harbour. Insurance: the salesman makes the insurance on his own cost but the customer is the beneficiary. The insurance applies for the lowest cover and covers 110% of the contract price. Further obligation of the salesman is to hand the insurance policy to the customer.
RBU 45 Ltd. is one of the fastest growing beetsugar and cane sugar trader internally and globally as well. During its fast spreading our firm developed a continuously evolving marketing and service nerwork.
We sell every product in the global market in different quantities with truck, ship, container and kit transport. Our sphere of connection expands to Mexico, Brasil, North-America, Europe and Asia. With our services we are able to cover the local, the union and the global market demands.
In accordance with all transport incoterms clausulas and in the virtue of conciliated payment conditions, with the customer’s own truck as well as the comission of our forwarder’s firm, we transport from a daily one to ten trucks even with a year contract.
In his own park the salesman is liable to hand the product appropriately packed (appropriate means packing that assures the safe arriving of the product) and invoiced to the customer He is not liable to pack it into the vehicle guaranteed by the customer and he doesn’t have the task to put toll on the export, but if the customer asks it, pays for it and risks it, he is liable to take care of the packing into the vehicle and he has to help the customer purchase the documents that are necessary to the export. The cost and the risk from the factory are the burden of the customer, therefore this is a one-point, multimodal clausula.