CIF in Transportation Meaning
The CIF meaning in Transportation terms is "Cost, Insurance E Freight". There are 4 related meanings of the CIF Transportation abbreviation.
CIF on Transportation Full Forms
- Cost, Insurance E Freight
- 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.
- Cost, Insurance, and Freight (Paid) (shipping)
- Cost, Insurance & Freight.
Frequently Asked Questions (FAQ)
What does CIF stand for Transportation?
CIF stands for Cost, Insurance E Freight in Transportation terms.
What is the shortened form of Cost, Insurance and Freight in Transportation?
The short form of "Cost, Insurance and Freight" is CIF for Transportation.
Citation
CIF in Transportation. Acronym24.com. (2022, January 27). Retrieved December 23, 2024 from https://acronym24.com/cif-meaning-in-transportation/
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