Cost, Insurance and Freight - CIF

Cost, Insurance and Freight - CIF
A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.

Contracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery, payment, when the risk of loss shifts from the seller to the buyer and who pays the costs of freight and insurance. The most commonly known trade terms are Incoterms, published by the International Chamber of Commerce (ICC). These are often identical in form to domestic terms (such as the American Uniform Commercial Code), but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.

It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. Contact an international trade lawyer before using any trade term.


Investment dictionary. . 2012.

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  • Cost, Insurance and Freight — (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie CIF Shanghai. When a price is quoted CIF, it means that the selling… …   Wikipedia

  • Cost, Insurance And Freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

  • Cost, Insurance and Freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

  • Cost, insurance and freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

  • cost, insurance and freight — COMMERCE ➔ Incoterm * * *    ► See CIF. * * * cost, insurance and freight UK US noun [U] (ABBREVIATION CIF) ► TRANSPORT, INSURA …   Financial and business terms

  • Cost, Insurance and Freight — CIF (Cost, Insurance and Freight Costo, Seguro y Flete) Significa que el vendedor hace entrega cuando las mercancías sobrepasan la borda del buque en el puerto de embarque convenido. El vendedor también debe pagar los costos y fletes necesarios… …   Enciclopedia Universal

  • Cost, Insurance and Freight — Области действия терминов Инкотермс CIF (англ. Cost, Insurance and Freight стоимость, страхование и фрахт) международный коммерческий торговый термин. (См.  …   Википедия

  • cost insurance and freight — price of goods including transportation and insurance costs, cost of merchandise includes freight and insurance fees, seller bears the insurance and all transportation and various other charges to the point of debarkation for the vessel, CIF …   English contemporary dictionary

  • cost, insurance, and freight — /ˌkɒst ɪnˌʃυərəns ən freɪt/ noun the estimate of a price, which includes the cost of the goods, the insurance, and the transport charges. Abbr CIF …   Marketing dictionary in english

  • cost, insurance, and freight — /ˌkɒst ɪnˌʃυərəns ən freɪt/ noun the estimate of a price, which includes the cost of the goods, the insurance, and the transport charges. Abbreviation CIF, c.i.f …   Dictionary of banking and finance

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