What are the main differences between CIF, CIP, DAP, and DDP Incoterms for importers?
If you are an importer, you need to understand how Incoterms affect your responsibilities and costs when buying goods from overseas suppliers. Incoterms are international trade terms that define the delivery conditions, risks, and obligations of the seller and the buyer in a contract. In this article, we will compare four common Incoterms for importers: CIF, CIP, DAP, and DDP.