Definition of CIF (cargo, insurance and freight)

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TeachMeFinance.com - explain CIF (cargo, insurance and freight)



CIF (cargo, insurance and freight)

The term 'CIF (cargo, insurance and freight)' as it applies to the area of energy can be defined as ' CIF refers to cargos for which the seller pays for the transportation and insurance up to the port of destination'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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