Aug 19, 2025 · CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway shipment.

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In CIF terms, the seller clears the goods at origin places the cargo on board and pays for insurance until the port of discharge at the minimum coverage. Even though the seller pays for …

What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three.

The CIF cost is calculated by adding the cost of the goods (C), insurance (I), and freight (F). For example, if the cost of goods is $10,000, insurance is $1,000, and freight is $2,500, the total …

Oct 6, 2023 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which …

5 days ago · A comprehensive guide to understanding standard rules in global trade, including in-depth information on CIF, DAP, and DDP

Standardized by the International Chamber of Commerce, CIF is a testament to streamlined trade. But what exactly does it denote? CIF stands for Cost, Insurance, and Freight. The seller …

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Dec 27, 2024 · One commonly used term is CIF, short for Cost, Insurance, and Freight. But what is CIF exactly? CIF, an Incoterm created by the International Chamber of Commerce (ICC), …