Sep 11, 2023 · These are global shipping terms which are used in international trade:CIF means Cost Insurance and Freight. That means the shipper/trader has to pay the cost of shipment up …

Sep 14, 2023 · The acronym CIF in shipping terms stands for cost insurance and freight. It is a term used when shipping internationally.

Jan 30, 2025 · CIF stands for Cost, Insurance, and Freight, while GFE stands for Good Faith Estimate. So, in the same sentence, CIF and GFE could refer to the estimated costs and …

Sep 13, 2023 · CIF stands for cost, insurance, and freight. Under CIF shipping terms, payment for products are paid upon delivery of goods.

Updated: 10/16/2024 Wiki User ∙ 11y ago Add an answer

Cost insurance Freight

Oct 20, 2022 · FOB and CIF are INCOTERMS or international commercials terms (terms of sale).

It's a shipping term: Cost, Insurance and Freight. A contract that specifies CIF requires the shipper to pay the costs of insurance and freight from the "originating terminal" to its …

Sep 15, 2023 · CIF m mean is: the seller pay the Cost, insurance and freight to distance port. CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller …

Sep 15, 2023 · Free On Board Destination (FOB Destination). This means that the seller pays the the freight costs from the shipping point to the buyer's final destination.