Cost, Insurance, and Freight CIF
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.
Cost, Insurance, and Freight (CIF)
in international trade, a type of contract of sale agreement for the transport of goods by sea. Under the terms of CIF, the price of a commodity is set to include the cost of the commodity itself, insurance costs, and costs of transport to the port of destination.
The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.