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Freight (CIF.
Abbreviation for 'cost, insurance, and freight.
Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage The seller contracts for insurance and pays the insurance premium The CIF term requires the seller to clear the goods for export.
CIF is a common investment fund established by scheme under s 24 of the 1993 Act But the definition for the purposes of the Charities Regulations 1995, and the Financial Services Act 1986 Order 1999, and clause 38 of the Trustee Bill excludes such funds whose trusts provide for participation only by charities which have the same charity trustees as the fund.
Insurance.
Cost, Insurance, and Freight: A term indicating that a quoted price includes the cost of the goods, insurance, and transportation charges.
Cost, Insurance and Freight' means that the seller has the same obligations as under CFR but with the addition that he has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage The seller contracts for insurance and pays the insurance premium The buyer should note that under the CIF term the seller is only required to obtain insurance on minimum coverage The CIF term requires the seller to clear the goods for export This term can only be used for sea and inland waterway transport.
Cost, Insurance, Freight A pricing term that shows that the cost of the goods, insurance, and freight are included in the quoted price.
Cost, Insurance, Freight A pricing term indicating that the cost of goods, insurance, and freight are included in the quoted price.