What does CIF stand for?

CIF stands for various terms. Discover the full forms, meanings, and possible interpretations of CIF across different fields and industries.

Cost, Insurance, and Freigxt

Most Common BusinessCostInsurance
Cost, Insurance and Freight

Only applicable for sea and inland waterway transport. This term is broadly similar to the CFR term, with the exception that the seller is required to obtain insurance for the goods while in transit to the named port of destination. CIF requires the seller to insure the goods for 110% of their value under at least the minimum cover of the Institute Cargo Clauses of the Institute of London Underwriters (which would be Institute Cargo Clauses (C)), or any similar set of clauses.

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Cost Insurance and Freight
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Cost, Insurance E Freight
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Cost Insurance With Freight
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