CIF is Cost, Insurance and Freight. DDP is Delivered Duty Paid. Incoterms 2020.
| Cost block | CIF | DDP |
|---|---|---|
| Export clearance | Seller | Seller |
| Carriage to port / terminal | Seller | Seller |
| Loading onto main carriage | Seller | Seller |
| Main carriage (freight) | Seller | Seller |
| Insurance | Seller | Neither obliged |
| Unloading at destination | Buyer | Buyer |
| Import clearance | Buyer | Seller |
| Duties and import taxes | Buyer | Seller |
| Risk passes | When the goods are loaded on board at origin — same as CFR. | At the named destination, ready for unloading, after import clearance. |
| Transport mode | Sea / inland waterway | Any mode |
The required cover is the minimum level, not all-risks. Buyers who assume they are fully covered find out at claim time.
Many countries will not let a non-resident seller act as importer of record, and unrecoverable import VAT quietly becomes a cost.
The Incoterm and named place belong on the commercial invoice, the packing list and the shipper's instructions — spelled the same way on each. ovrseas generates the set from one entry so they cannot disagree with each other.
Commercial invoice templateIncoterms® is a registered trademark of the International Chamber of Commerce. This page is an independent summary of how costs and risk are allocated and is not affiliated with or endorsed by ICC. For contract drafting, use the official Incoterms® 2020 rules published by ICC.