What Is CIF In Shipping Terms?

What Is CIF In Shipping Terms? Cost, insurance, and freight (CIF) is an international shipping term that describes the seller’s responsibility for the cost of shipping, freight charges, and insuring the cargo being shipped via ocean or waterway. … However, the buyer assumes responsibility for the goods once the cargo has reached the buyer’s port.

Who Pays FOB Destination Freight?

Who Pays FOB Destination Freight? For FOB destination, the seller assumes all costs and fees until the goods reach their destination. Upon entry into the port, all fees—including customs, taxes, and other fees—are borne by the buyer. Does FOB include freight? The costs associated with FOB include transportation of the goods to the port of

Are Repair Parts Taxable In Indiana?

Are Repair Parts Taxable In Indiana? In the state of Indiana, maintenance contracts are considered to be taxable so long as there is a reasonable expectation that tangible personal property will be provided. Sales of parts purchased for use in performing service under optional maintenance contracts are exempt from the sales tax in Indiana. Is