cost, insurance, freight (CIF)
Definition
Term of sale signifying that the price invoiced or quoted by a seller includes insurance and all other charges up to the named port of destination. In comparison, carriage and insurance paid to (CIP) terms include insurance and all charges up to a named place in the country of destination (usually the buyer's warehouse). See also cost and freight (C&F).
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cost, insurance, freight (CIF) is in the Accounting & Auditing, Banking, Commerce & Finance, International Trade & Relations and Shipping, Transport, & Travel subjects.
cost, insurance, freight (CIF) appears in the definitions of the following terms: customs brokerage, cost and freight (C&F) and prepaid freight
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