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CIF (Cost, Insurance, and Freight - Incoterm)

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CIF - Cost, Insurance, and Freight | Asset-Trade
Term Description

Used Machines that we sell CIF (Cost, Insurance & Freight)

This term is broadly similar to the above CFR term, with the exception that the seller is required to obtain insurance for the goods while in transit to the named port of destination. CIF requires the seller to insure the goods for 110% of their value under at least the minimum cover of the Institute Cargo Clauses of the Institute of London Underwriters (which would be Institute Cargo Clauses (C)), or any similar set of clauses. The policy should be in the same currency as the contract. The seller must also turn over documents necessary, to obtain the goods from the carrier or to assert claim against an insurer to the buyer. The documents include (as a minimum) the invoice, the insurance policy, and the bill of lading. These three documents represent the cost, insurance, and freight of CIF. The seller's obligation ends when the documents are handed over to the buyer. Then, the buyer has to pay at the agreed price. Another point to consider is that CIF should only be used for non-containerized seafreight; for all other modes of transport it should be replaced with CIP.

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Machine Information
Manufacture: NOT DEFINED
Control: CNC
Year of Build: 2022
Location:
Used Sacform AGM-line Coil Cut to Length Line for sale.  Processes stainless steel 0.5-2mm thick, 1600mm wide. Includes 10T decoiler, straightener, servo feeder, shear, and stacking unit. High-quality, automated system  AGM-… Know more
Machine Information
Manufacture: KEPPLER
Model: 000830.08
Control: CNC > SIEMENS
Year of Build: 2005
Location:
Used Keppler manufacturing cell / 3-axis machining center (2005). With Siemens control, integrated handling, HSK63, double fixture, and Kelch tool presetter. For sale is a complete, automated manufacturing cell built around a 3-… Know more
Machine Information
Manufacture: MATEC
Model: 30L
Control: CNC > HEIDENHAIN > TNC 426
Year of Build: 1998
Location:
Used 3-axis CNC machining center Matec 30L for sale. With Heidenhain DNC426CB control, 2000mm X-axis, pendulum mode, and NEW SK40 spindle! For sale is a robust and versatile 3-axis CNC machining center from the quality German… Know more
Machine Information
Manufacture: NAKAMURA-TOME
Control: CNC > FANUC > Serie 0i
Year of Build: 2015
Location:
Used Nakamura-Tome AS-200 CNC lathe Single-Turret Machine with bar loaderTechnical specifications: Control: FANUC 0i-TF Axes: Y-axis + C-axis Turret: 12-station live tooling Chip conveyor 1-meter magazine bar feeder (… Know more
Machine Information
Manufacture: NOT DEFINED
Model:
Control: CNC
Year of Build:
Location:
For sale is a complete and robust wheel rim production line (LMF1), specifically designed for manufacturing large and heavy-duty steel rims for trucks, agricultural, and construction vehicles. The line covers the entire production… Know more
Machine Information
Manufacture: KAESER
Model:
Control: CNC
Year of Build: 2019
Location:
For sale is a like-new, highly efficient, and fully integrated compressed air station from the premium manufacturer Kaeser. All core components, from the three screw compressors and the air treatment system to the intelligent… Know more
Machine Information
Manufacture: DÜRR
Control: CNC
Year of Build: 2019
Location:
Modern Thermal Oxidizers by Dürr / LTB (Year of Manufacture 2019) For sale are two modern thermal oxidizers from 2019 for the highly efficient purification of solvent-laden process exhaust air (VOCs). These systems from the global… Know more
Machine Information
Manufacture: SCHULER
Control: CNC
Year of Build: 2013
Location:
For sale is a selection of four powerful hydraulic frame presses, ideal for demanding drawing, stamping, and forming operations. The collection includes robust and proven models from traditional German manufacturers Umformtechnik… Know more
Machine Information
Manufacture: SCHULER
Model:
Control: CNC
Year of Build: 1992
Location:
For sale is a complete and compact wheel disc production line. This facility consists of a fully integrated Schleicher coil line (decoiler and straightener) and a robust 4,000 kN (approx. 400 t) press from Umformtechnik Erfurt. The… Know more
Machine Information
Manufacture: NOT DEFINED
Model:
Control: CNC
Year of Build: 2000
Location:
For sale is a powerful production line for manufacturing wheel discs directly from coil. The heart of the system is a robust 16 MN (approx. 1600 tons) drawing and stamping press from Schirmer + Plate, fed by a modern Schleicher coil… Know more
Machine Information
Manufacture: SCHULER
Control: CNC
Year of Build: 2005
Location:
For sale is a powerful press line specifically designed for the production of wheel discs and other demanding formed parts. The line consists of four hydraulic presses from renowned German manufacturers: three robust presses from… Know more
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Machine Information
Manufacture: NOT DEFINED
Model:
Control: CNC
Year of Build: 2008
Location:
For sale is a highly automated and exceptionally complete production line for the assembly, welding, machining, and final inspection of complete wheels. The line is consistently automated with a large number of Kuka robots (mostly… Know more