Import Export Specialist Question: Download Import Export Specialist PDF
What is CIF?
Answer:
CIF is cost, insurance and freight. This is also an Incoterm. Find more information about Incoterms at the Incoterms 2000 website. The seller clears goods for export and meets the cost of carriage to the port in the destination country, including insurance. But the importing buyer bears all risks, except marine insurance, after delivery.
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