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What is CIF incoterm?

Updated: 9/21/2023
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10y ago

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CIF Cost Insurance and freight (Port of destination) Incoterms® 2010

Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the vessel (this rule is new!). Maritime transport only included Insurance for the goods.

This term is for waterways or ocean freight only.

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Q: What is CIF incoterm?
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Related questions

For cost and insurance incoterm will it be freight prepaid or freight collect?

In cost and insurance it will be ''Freight Collect'' but if party require as '' Freight Prepaid'' then use CIF incoterms.


Full form of CIF?

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


Was landed duty paid ever an incoterm?

No landed duty paid has never been an incoterm. Delivery duty paid is an incoterm and it means the seller is responsible for delivering and paying for shipping goods to buyer.


Is CNF an Incoterm?

It is an old incoterm meaning the basis for the quotation is Cost and Freight from supplier to destination (a sea port) of the buyer. Term has been replaced by CFR


What is CIF number?

CIF stands for Customer Identification Number.


What is incoterm FOT?

Freight on truck or Freight on terminal?


What does CIF stand for in CCTV?

CIF as used in video stands for Common Intermediate Format


What is cif and fob means?

- CIF is Cost, Insurance and Freight - FOB is Free on Board


CIF number of Central bank of India bhagtan wala branch amritsar?

cif no


What are cif and fob terms?

FOB and CIF are INCOTERMS or international commercials terms (terms of sale).


When was CIF California State Meet created?

CIF California State Meet was created in 1915.


What is Indian bank cif ref no?

In Indian Bank CIF stands for Customer Information File.