Question: CIF and CPT are both trade terms that define the responsibilities of sellers and buyers in the transportation of goods. Under CIF, the seller is
CIF and CPT are both trade terms that define the responsibilities of sellers and buyers in the transportation of goods. Under CIF, the seller is responsible for arranging and paying for transportation, insurance, and all associated costs up to the port of destination. This reduces the risk and responsibility for Zvi Cars, but it might also mean a higher price for the goods. Under CPT, the seller pays for the carriage of the goods, but the risk transfers to the buyer once the goods have been handed over to the first carrier, which could potentially increase the risk for Zvi Cars
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