Means the seller pays the insurance.
Cost insurance Freight
CIF means Cost Insurance and Freight, which means the seller pays to get the load to its destination. The alternate is FOB--Free On Board--which means the buyer pays the freight and insurance.
- CIF is Cost, Insurance and Freight - FOB is Free on Board
yes, in CNF , only cost of the material and freight are included. in CIF- cost , insurrance and freight of material are included
The cheapest kind they can come up with, because CIF requires the seller to pay for freight. And since they don't really WANT to pay for freight...
CIF stands for Cost Insurance and Freight and it encompasses all three into the final price.
In cost and insurance it will be ''Freight Collect'' but if party require as '' Freight Prepaid'' then use CIF incoterms.
Cost, Insurance and Freight (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie "CIF Shanghai." When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance. CIF is an international commerce term
CIF stands for cost, insurance, and freight. Under CIF shipping terms, payment for products are paid upon delivery of goods.
CIF m mean is: the seller pay the Cost, insurance and freight to distance port. CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
CIF Common Intermediate Format (352 pixels by 288 lines, 30 fps; 1.22:1) CIF Cost, Insurance & Freight (shipping) CIF Cadet Information File CIF California Interscholastic Federation CIF Caltech Intermediate Form CIF Canadian Institute of Forestry (Institut Forestière du Canada) CIF Candidate Item File CIF Capital Improvement Fee CIF Capital Improvement Fund CIF Cargo, Insurance and Freight CIF Cash In Fist CIF Catalog Interchange Format CIF Cells In Frames CIF Center for Individual Freedom CIF Central Index File CIF Central Intelligence File CIF Central Issue Facility CIF Centre des Impôts Foncier (French land tax) CIF Centro Italiano Femminile (Italian Center for Women) CIF Certified International Financier CIF CINC In-extremist Force CIF CINC Initiative Fund (DoD) CIF Clutter Improvement Factor (radar) CIF Código de Identificación Fiscal CIF Collaboratory Interoperability Framework CIF Common Image Format CIF Common Imagery Interoperable Facility CIF Common Interchange Format CIF Computer Is Frozen CIF Conseil Information Formation CIF Conseil International des Femmes CIF Consolidated Incineration Facility CIF Consolidated Incinerator Facility CIF Consolidated Issue Facility CIF Constraint Induced Fracture CIF Construction Industry Federation (Ireland) CIF Construction Innovation Forum CIF Controller Information File (military air traffic control) CIF Coordinated Instrumentation Facility CIF Core Interface Function (interface between SAP R/3 system and APO) CIF Corporate Information Factory CIF Corps Information Flow CIF Cost plus Incentive Fee (contract) CIF Cost, Insurance & Freight (logistics) CIF Council of International Fellowship CIF Critical Input File CIF Cumulative Incidence Function (reliability) CIF Cumulative Intensity Function CIF Customer Information File CIF Customer Install Feature CIF Caltech Intermediate Format CIF Chapter Information CIF Cost Insurance and Freight CIF Customer Installable Feature CIF Customization Input File
A delivery term; Cost Insuarance Freight (C.I.F.) Karachi