Cost, Insurance and Freight (CIF)

Knowledge Center



Summary, forum, best practices, expert tips and information sources.


Summary

What is Cost, Insurance and Freight (CIF)? Meaning.

Cost, Insurance and Freight (CIF) is an international sales term used in the transportation industry, especially ocean transport. When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance.


The seller's responsibility for the goods ends when the goods have been delivered to the marine carrier or have been delivered on board the shipping vessel, depending upon the terms of the contract.


Note that because this is a legal term, its exact definition is much more complicated and can differ by country.


Special Interest Group

Join

Cost, Insurance and Freight (CIF) Special Interest Group.



Special Interest Group (7 members)

Forum

New Topic

Forum about Cost, Insurance and Freight (CIF).


🔥 NEW Question on the Use of CIF
Hello, I have shipped some goods CIF, they were loaded on to the ship in good order, passed the inspections and the ship (...)
7
 
1 comments
Cost, Insurance and Freight (CIF) Synonyms?
What other common names are being used for Cost, Insurance and Freight (CIF)? (...)
4
 
2 comments

Start a new forum topic about Cost, Insurance and Freight (CIF)
Exchanging your ideas stimulates your personal and professional development. And you can help other people! Please motivate your point of view. You can still edit your topic for 3 hours.

 

Best Practices

Sign up

The top-rated topics about Cost, Insurance and Freight (CIF). Here you will find the most valuable ideas and practical suggestions.


Expert Tips

Sign up

Advanced insights about Cost, Insurance and Freight (CIF). Here you will find professional advices by experts.


Who Bears the Goods' Damage Risk? - INCOTERMS 2020

Transportation, Insurance, International Trade, Import, Export of Goods, Risk of Damage, Freight Terms
In order to ensure the company's continued activity and the implementation of its objectives, managers always find thems (...)
Information Sources

Sign up

Various sources of information regarding Cost, Insurance and Freight (CIF). Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.



Research Links

Sign up

Automatically jump to further useful sources regarding Cost, Insurance and Freight (CIF).


News Videos Presentations Books More

News

Videos

Presentations

Books

More


Compare with: Free on Board

Special Interest Group

Are you interested in Cost, Insurance and Freight (CIF)? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this knowledge center

Copy this HTML code to your web site:

 
 

Return to Management Hub: Finance & Investing  |  Supply Chain & Quality


More on Management  |  Return to Management Dictionary

 

This ends our Cost Insurance and Freight (CIF) summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 11-5-2021. All names of their owners.