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Differences between DDP and CIF:

Time:2021-04-02 Views:10

Differences between DDP and CIF:

1. The person handling the import declaration formalities is different;

2. Different delivery places;

3. Different risk transfer locations;

4, DDP is to the consignee‘s door, CIF is only responsible for the port of destination;

5, DDP:Delivery Duty Paid. The seller‘s offer includes door-to-door. The seller is responsible for shipping costs, insurance, customs clearance fees, customs clearance fees, shipping to the door, etc. The buyer bears no cost, but still bears the risk of shipment.

6, CIF is COST, INSURANCE, AND FREIGHT. The seller delivers the goods when they pass the ship‘s rail at the port of shipment. Freight, insurance and other expenses incurred from the port of shipment to the port of destination shall be paid by the Seller, but the risks of damage and loss of the goods after loading shall be borne by the Buyer.

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