Jan 9, 2013   //   by Administrator   //    //  Comments Off

Not officially an incoterm, but is commonly used in seller’s quotes as, e.g. “CIF ASWP“, and is widely accepted. CIF ASWP in a quote implies that CIF shipment would cost the same for delivery to any safe port in the world, whatever the distance from source.
If this term is used in a quote the buyer should get clarification. A vessel chartered to Cotonou, or Ghana costs a lot less than a vessel chartered to Singapore. This is a critical price consideration and usually indicates an over-generalization on the seller’s part.
This term may also be a clue to a buyer that they may be able to get a better price if their POD is close to the country of origin.

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