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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.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoThe acronym CIF in shipping terms stands for cost insurance and freight. It is a term used when shipping internationally.
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What does CRF mean in shipping terms?
CIF
When is payment due under cif shipment terms?
CIF stands for cost, insurance, and freight. Under CIF shipping terms, payment for products are paid upon delivery of goods.
What does CIF and CNF mean in shipping terms?
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.
What are cif and fob terms?
FOB and CIF are INCOTERMS or international commercials terms (terms of sale).
What is difference between CIF and DDP in shipping terms?
In shipping, CIF stands for Costs Insurance and Freight. DDP or DDP(U) stands for Delivered Duty Paid and Unpaid. The first refers to arranging the shipment and the other refers to the of cost of transporting the goods.
What is CIF shipping?
The kind that happens when the people who sold you the goods pay the shipping.
What does terms of PAD mean in shipping?
I am looking what does mean PAD in Shipping freight terms
What is CIF in shipping cost?
CIF stands for Cost Insurance and Freight and it encompasses all three into the final price.
What does add mean in shipping terms?
it means to take care of the shipping and respect the terms
What are ENCO terms for export?
The ENCO terms are CIF and FOB
What is CIF in terms of resolution?
CIF = 352x288 QCIF = 176X220 QVGA = 320x240 VGA = 640x480
What does CIS mean in shipping terms?
CIS: Chinese International Shipping
