CIF
Cost, Insurance and Freight
We pay ocean freight and cargo insurance to the Philippine port you name; you clear customs and arrange transport to site.
How World Steel delivers CIF
Quoted as CIF Manila, Subic Bay, Batangas, Iloilo, Cebu, Cagayan de Oro, Davao or General Santos. Insurance covers 110 % of the invoice value; all-risks cover (ICC A) can be added. Shipping documents and the Form D certificate of origin are sent ahead so your broker can lodge the entry before the vessel arrives.
- Delivery
- On board the vessel at our loading port in southern Vietnam; the voyage to your Philippine port is paid and insured by us.
- Risk passes
- Passes to you once the steel is loaded on board – the insurance we buy protects you during the voyage.
- Costs
- We pay packing, export clearance, ocean freight and insurance to the named port. You pay port charges at discharge, customs duties and VAT, brokerage and inland trucking.
- Best for
- Owners and contractors with their own customs broker, PEZA-registered locators, and buyers paying by letter of credit.
- Watch out
- Agree who pays destination terminal handling and storage. Delays in clearance at the port can add demurrage – brief your broker early.
Always state the rule, a precise named place and the version, e.g. “CIF your port / site, Incoterms® 2020”.
Incoterms® is a registered trademark of the International Chamber of Commerce (ICC). This page explains how World Steel applies CIF and DDP for Philippine deliveries – the ICC text and the sales contract govern. Always state the rule, the named place and “Incoterms® 2020”.
Quote your project CIF
Tell us your port or your site address – we quote CIF to the port or DDP to your gate.