# CIF (Cost, Insurance, and Freight) Contract Agreement
**This CIF Contract Agreement ("Agreement") is made and entered into as of [Date] by and between:**
**Seller:**
Name: [Seller's Name]
Address: [Seller's Address]
Email: [Seller's Email]
Contact Number: [Seller's Contact Number]
**AND**
**Buyer:**
Name: [Buyer's Name]
Address: [Buyer's Address]
Email: [Buyer's Email]
Contact Number: [Buyer's Contact Number]
**Collectively referred to as the "Parties."**
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## 1. **Definitions**
1.1 **Goods**: The products specified in Section 3 of this Agreement.
1.2 **Destination Port**: [Destination Port Name].
1.3 **Shipping Company**: [Name of the Shipping Company].
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## 2. **Scope of Agreement**
This Agreement outlines the terms and conditions under which the Seller agrees to sell, and the Buyer agrees to purchase the Goods under CIF terms.
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## 3. **Goods Description**
The Goods covered by this Agreement are as follows:
| Item No. | Description of Goods | Quantity | Price per Unit | Total Price |
|----------|----------------------|----------|----------------|-------------|
| 1 | [Description] | [Qty] | [Unit Price] | [Total] |
| 2 | [Description] | [Qty] | [Unit Price] | [Total] |
| **Total**| | | | [Total] |
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## 4. **Price and Payment Terms**
4.1 The total CIF price for the Goods is [Total Amount].
4.2 The Buyer shall pay the Seller [Payment Terms, e.g., 50% upon signing this Agreement and 50% before shipment].
4.3 Payments shall be made via [Payment Method, e.g., bank transfer, letters of credit] to the Seller’s designated account.
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## 5. **Delivery Terms**
5.1 The Seller shall arrange for the shipment of the Goods to the Buyer’s address at the Destination Port.
5.2 Delivery shall occur on or before [Delivery Date].
5.3 The risk of loss or damage to the Goods shall transfer to the Buyer upon delivery to the Destination Port.
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## 6. **Insurance**
The Seller shall obtain marine insurance for the Goods covering the value of the Goods until they reach the Destination Port. The Seller shall provide the Buyer with an insurance certificate.
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## 7. **Documentation**
The Seller shall provide the following documents to the Buyer upon shipment:
- Commercial Invoice
- Bill of Lading
- Packing List
- Insurance Certificate
- Any other necessary documents as required by the Buyer.
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## 8. **Representations and Warranties**
8.1 The Seller represents and warrants that the Goods are [warranties regarding quality, description, and compliance with laws].
8.2 The Buyer represents and warrants that they have the authority to enter into this Agreement.
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## 9. **Termination**
9.1 Either Party may terminate this Agreement if the other Party breaches any material term of this Agreement and fails to remedy such breach within [number of days] days after receiving written notice.
9.2 Upon termination, the Seller shall refund any payments made by the Buyer, minus any costs incurred.
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## 10. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
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## 11. **Miscellaneous**
11.1 This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior agreements.
11.2 Any amendments to this Agreement must be made in writing and signed by both Parties.
11.3 If any provision of this Agreement is found to be unenforceable, the remaining provisions shall remain in full force and effect.
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**IN WITNESS WHEREOF**, the Parties have executed this CIF Contract Agreement as of the date first above written.
**Seller:**
______________________________
[Seller’s Name]
[Title]
[Date]
**Buyer:**
______________________________
[Buyer’s Name]
[Title]
[Date]
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**Note**: This document is a template and should be customized to fit the specific transaction and legal requirements applicable to the Parties involved. It is recommended to consult legal counsel before entering into any binding agreement.