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CIF in Logistics Meaning

The CIF meaning in Logistics terms is "Cost, Insurance and Freight". There are 3 related meanings of the CIF Logistics abbreviation.

CIF on Logistics Full Forms

  1. 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.
  2. Cost, Insurance, Freight
  3. Cost, Insurance, Freigho

Frequently Asked Questions (FAQ)

  1. What does CIF stand for Logistics?

    CIF stands for Cost, Insurance, Freigho in Logistics terms.

  2. What is the shortened form of Cost, Insurance, Freight in Logistics?

    The short form of "Cost, Insurance, Freight" is CIF for Logistics.

Citation

CIF in Logistics. Acronym24.com. (2022, January 27). Retrieved December 23, 2024 from https://acronym24.com/cif-meaning-in-logistics/

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