Waterway Transport
The delivery happens when The sell puts the goods on the ship. The seller has to arrange and pay for the ship as well as the fee to unload the goods at the destination port.
The seller also has to buy the insurance from the delivery point to (at least) the destination port. If the goods were damaged or lost on the ship on the way to the buyer, insurance would cover the loss.
Under CIF, the seller has to do the export clearance.
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