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CIF

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Glossaries

Term Definition
CIF

The term means that the seller has completed the delivery whenproductloaded onto the vehicle at the port of shipment, and the sale price includes the cost of the goods,

With the development of the world transport system, the concept of freight has spread to air (English air freight) and land (English land freight) transport.

" >freightor transportation costs, as well as the cost of insurance during transportation.Riskthe loss or damage of the goods passes when the goods are on board the ship.

This term should be used only for sea or inland waterway transport.

Synonyms:Cost and Insurance and Freight,cost and insurance and freight