Dec 3, 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.

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Standardized by the International Chamber of Commerce, CIF is a testament to streamlined trade. But what exactly does it denote? CIF stands for Cost, Insurance, and Freight. The seller covers all …

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.

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 …

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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 …

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.