CIF
Post 1 of 6
IS IT POSSIBLE THAT GOODS ARE SOLD ON CIF BUT THE FRIEGHT IS PAID BY THE BUYER IN HIS COUNTRY AND REMIT US THE PAYMENT AFTER DEDUCTING THE AMOUNT PAID BY HIM AS FRIEGHT THERE
Award 10 MVPs (
What's this?
)for the best answer.
28 Jan 2008 07:29
Post 2 of 6
Replying to [ALPINE]: Why deal with CIF at all. If you want the buyer to pay for freight and find their own forwarder then sell EX works or FOB. This way they can get their own Marine Insurance through their freight forwarder.
Ranger
Ranger
SIGNATURE:
About Our Company
Me Tech Supply
ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos...
More
28 Jan 2008 09:06
Post 3 of 6
Replying to [ALPINE]:
Actually, if customers would pay the freight in destination port, it then would no more be the terms of CIF. However, if you did quote this term to the customer and don't want to change it now. You may ask your forwarder to arrange it as Freight Collect. Or you may even ask your forwarder to collect those payments for you. However, there are some conditions that you have to consider:
1) If it showed CIF, then customer may refuse to pay you the freight charges, unless you trust the customer.
2) If they pay the freight charges in the destination port, means they can pick up the goods any time upon arrivial. IE, even they didn't pay you the money of the goods.
3) If you assign the forwarder to collect all payments as long as the freight charges, make sure you get a reliable forwarder.
I think the better way is collect the payment of goods before shipment, and request your forwarder to arrange freight collect. Or if by sea, hold the Bill of lading, until they pay you money and release the cargo.
Actually, if customers would pay the freight in destination port, it then would no more be the terms of CIF. However, if you did quote this term to the customer and don't want to change it now. You may ask your forwarder to arrange it as Freight Collect. Or you may even ask your forwarder to collect those payments for you. However, there are some conditions that you have to consider:
1) If it showed CIF, then customer may refuse to pay you the freight charges, unless you trust the customer.
2) If they pay the freight charges in the destination port, means they can pick up the goods any time upon arrivial. IE, even they didn't pay you the money of the goods.
3) If you assign the forwarder to collect all payments as long as the freight charges, make sure you get a reliable forwarder.
I think the better way is collect the payment of goods before shipment, and request your forwarder to arrange freight collect. Or if by sea, hold the Bill of lading, until they pay you money and release the cargo.
28 Jan 2008 20:47
Post 5 of 6
Replying to [ALPINE]:
As the above friend said , there is no need to insist CIF term , you can choose FOB or EX-Work term .
But maybe you had quote the CIF price ,the customer had accepted and you do not want to change them .So , you want to use the CIF term .
In my opion ,It is possible to let your client pay the shipment charge ,then you reduce it from the whole amount .
And the most important thing is whether the buyer accept or not !![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
As the above friend said , there is no need to insist CIF term , you can choose FOB or EX-Work term .
But maybe you had quote the CIF price ,the customer had accepted and you do not want to change them .So , you want to use the CIF term .
In my opion ,It is possible to let your client pay the shipment charge ,then you reduce it from the whole amount .
And the most important thing is whether the buyer accept or not !
30 Jan 2008 00:25
Post 6 of 6
Quoting from [ALPINE]:
Confusing the issue WHY?/
When one trades on CIF it is agreed that the goods cost along with the Insurance and freight would be borne by the buyer . But the buyer to safe guard his interest wants the same on CIF because......
ON FOB the Sellers risk and responsibility ends once the Goods have reached the ship rails.
ON CIF the sellers responsiblity ends once the good have reached the destination port and the same has been off loaded the ship rails.
12 Feb 2009 23:44
Page 1 of 1