When buying export cars from countries like Singapore, you’ll often come across two common international trade terms: CIF (Cost, Insurance, and Freight) and EXW (Ex-Works). These are part of Incoterms, which define the responsibilities and costs between sellers and buyers in international shipping. Understanding the difference between CIF and EXW is crucial to making the best purchasing decision and avoiding unexpected costs. What Is CIF? CIF (Cost, Insurance, and Freight) means the price of the vehicle includes: Shipping costs to your destination port, Insurance coverage during shipping, Loading charges at the port of origin. In this case, the seller handles...