Cost, insurance, and freight (CIF) is what a seller pays to cover the cost of shipping, as well as the insurance to protect against the potential damage of loss to a buyer's order. The two are ...

Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. The seller is also responsible for providing cargo insurance at minimum coverage ...

Cost and freight (CFR) and cost insurance and freight (CIF) are similar. They both relate to transporting goods by sea and divide the responsibilities of transit between the buyer and the seller.

The term CIF stands for cost, insurance and freight. It is a common term for international shipments, and many nations use the CIF total as the basis for the duty charge or other taxes on the ...

When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly ...

FAS (Free Alongside), FOB (about which we have spoken), CFR (Cost and Freight) and CIF (Cost Insurance and Freight). These terms are remarkably useful in sorting out quickly which party handles ...

Approved applicants will be allowed to import Completely Built Units (CBUs) of electric four-wheelers with a minimum CIF ...

of electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the date that the application is ...