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CIF
- Cost, Insurance and Freight
It means that the selling price includes the cost of the cars, the
freight or transport costs and also the cost of marine insurance.
Contracts involving
international transportation
often contain abbreviated
trade terms that describe
matters such as the
time and place of
delivery, payment,
when the risk of loss
shifts from the seller
to the buyer, and
who pays the costs
of freight and insurance. |
