CIF Procedures

In CIF transactions, the seller handles shipping, delivery, and insurance until the product reaches the buyer’s port.

CIF Procedures

CIF – Transaction

Detailed Transaction
Steps for Smooth Execution

  • Buyer issues ICPO and acceptance letter.
  • Seller sends SPA. Buyer may amend, signs & returns.
  • Seller sends notarized SPA and PPOP:
    • Product Availability Statement
    • Export License
    • Certificate of Origin
  • Buyer pays 15% via MT103 TT.
  • Seller activates 2% Performance Bond.
  • Seller initiates loading and shares all shipping documents:
    • Charter Party
    • SGS, Bill of Lading, Q88
    • Customs forms, Product Allocation Cert, etc.
  • Shipment proceeds. Buyer inspects at discharge port.
  • Seller sends hardcopy documents via courier.
  • Buyer pays remaining 85% upon successful inspection and receipt.
 

CIF Procedures

Security Features

Our security features are designed to ensure a smooth and trustworthy transaction for both parties.

  • 15% advance confirms commitment.
  • 2% PB ensures seller accountability.
  • Buyer pays balance only after full inspection.
Scroll to Top