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Dec 29, 2025 · CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway shipment. 4 days ago · CIF-SS: California Interscholastic Federation, Southern Section - Governing interscholastic athletics, promoting equity, quality, character & academic development. Oct 6, 2023 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which represents the. The CIF cost is calculated by adding the cost of the goods (C), insurance (I), and freight (F). For example, if the cost of goods is $10,000, insurance is $1,000, and freight is $2,500, the total CIF. In CIF terms, the seller pays for insurance until the goods reach the port of discharge. The seller pays for insurance during transport, but the buyer is responsible for the goods once they are on board.
What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. Jan 21, 2025 · CIF (Cost, Insurance, and Freight) is an Incoterm defined by the International Chamber of Commerce (ICC) under Incoterms 2020, used for sea freight and inland waterway transport. Apr 1, 2025 · The CIF Incoterms is an international shipping agreement that outlines the seller's and the buyer's responsibilities regarding the transportation of goods. In CIF Incoterms, the seller must.
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