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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.

Customer Information File

A file a bank keeps on each of its account holders and other clients. It contains information on account balances, outstanding loans, assets and so forth. It is updated frequently to ensure correct information.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
evident from the graphs that SVC spatial scalability is supported at the price of raise in the bit rate to some extent but in this way two bit streams are created of the two desired resolutions (4CIF and CIF) varying in coding efficiency and visual quality.
The recorder is capable of recording output from up to 20 cameras at a combined rate of 600 images per second (NTSC) (500 images per second in PAL) at 4CIF resolution.