Dec 29, 2025 · CIF is an international agreement between a buyer and seller in which the seller has responsibility for the cost, insurance, and freight of a sea or waterway shipment.

Jan 4, 2026 · CIF - Cost, Insurance, and Freight is an international shipping agreement between seller and buyer ensuring the former covers costs, insurance and freight charges when cargo is shipped …

Standardized by the International Chamber of Commerce, CIF is a testament to streamlined trade. But what exactly does it denote? CIF stands for Cost, Insurance, and Freight. The seller covers all …

Oct 6, 2023 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which represents the …

Apr 1, 2025 · The CIF Incoterms is an international shipping agreement that outlines the seller's and the buyer's responsibilities regarding the transportation of goods. In CIF Incoterms, the seller must …

Jan 21, 2025 · CIF (Cost, Insurance, and Freight) is an Incoterm defined by the International Chamber of Commerce (ICC) under Incoterms 2020, used for sea freight and inland waterway transport.

Feb 12, 2025 · CIF is an Incoterm defined by the International Chamber of Commerce (ICC) and applies exclusively to sea and inland waterway transport. Under CIF terms, the seller is responsible for the …

In CIF terms, the seller pays for insurance until the goods reach the port of discharge. The seller pays for insurance during transport, but the buyer is responsible for the goods once they are on board.

Incoterms CIF is short for "Cost, Insurance and Freight." Under CIF Incoterms, the seller delivers goods onboard the vessel at the port of shipment, pays for transport and minimum insurance coverage.

What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three.