cost, insurance, and freight (CIF)
Cost, insurance, and freight (CIF) is one of several standard terms of sale for exports and imports.
cost, insurance, and freight (CIF)
Cost, insurance, and freight (CIF) is one of several standard terms of sale for exports and imports.
Additional Information
CIF indicates that the seller must obtain transit insurance on the goods, since the price paid by the buyer includes the cost of goods, insurance while they are in transit, and all freight charges.
