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CIF |
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CIF Cost Insurance and Freight A CPT involving ocean freight. In a CIF, the seller is responsible for paying for shipping and providing a minimum amount of insurance coverage up to the named port of destination, while the buyer is responsible for the transportation risk beyond the minimum coverage as soon as the good or product is loaded onto the ship. Legally, risk transfers when the good or product crosses the outer rail of the ship. A CIF is similar to a CFR, but also requires the seller to provide minimal insurance. See also: Incoterm. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A group of area wrestlers, including six CIF titlists, are one tournament away from reaching the state championships. SL Green also originated a loan secured by CIF's remaining ownership stake and acquired an option from CIF to buy its remaining equity interest. Several IUSR participants have been performing pilot tests on the current version of the CIF to determine how well it works for usability reporting and to determine its usefulness in software procurement. |
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