Cost, insurance, freight

Cost, insurance, freight
(CIF)
  A type of sale in which the buyer of the product agrees to pay a unit price that includes the f.o.b. value of the product at the point of origin plus all costs of insurance and transportation. This type of transaction differs from a "delivered" purchase in that the buyer accepts the quantity as determined at the loading port (as certified by the Bill of Lading and Quality Report) rather than pay on the basis of the quantity and quality ascertained at the unloading port. It is similar to the terms of an f.o.b. sale except that the seller, as a service for which he is compensated, arranges for transportation and insurance.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

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  • cost, insurance, freight — cost, insurance, freight,   [ kɔst, ɪn ʃuərəns, freɪt; englisch »Kosten, Versicherung, Fracht«], eine der Handelsklauseln und der Incoterms …   Universal-Lexikon

  • cost, insurance, freight — cost, in|su|rance, freight [ in ʃuərəns freit] <engl. ; »Kosten, Versicherung u. Fracht«> Klausel im Überseehandel, nach der Fracht , Versicherungs u. Verladekosten im Preis eingeschlossen sind; Abk.: cif …   Das große Fremdwörterbuch

  • cost, insurance, freight — cọst, in|su|rance, freight 〈[ ınʃu:rəns frɛıt]〉 = cif [Etym.: engl.] …   Lexikalische Deutsches Wörterbuch

  • Cost and Freight — (CFR) is an Incoterm clearly defined in International Chamber of Commerce s publication 560 Incoterms 2000. It must always indicate the port of destination, ie CFR Shanghai .It means that the seller pays for transportation to the Port of… …   Wikipedia

  • Cost and Freight — ( CFR) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. This should be used with ocean shipments only, as the point where risk and responsibility pass from seller to buyer is the… …   Financial and business terms

  • cost and freight — noun Meaning the seller pays for transportation to the port of loading, cost and freight, and the buyer pays for the insurance and the rest of the transportation Syn: CIF, cif …   Wiktionary

  • cost, insurance, and freight — adj: including the cost of goods being shipped and the freight and insurance charges Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cost, insurance, and freight …   Law dictionary

  • cost, insurance and freight — COMMERCE ➔ Incoterm * * *    ► See CIF. * * * cost, insurance and freight UK US noun [U] (ABBREVIATION CIF) ► TRANSPORT, INSURA …   Financial and business terms

  • Cost, Insurance and Freight — (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie CIF Shanghai. When a price is quoted CIF, it means that the selling… …   Wikipedia

  • Cost, Insurance And Freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

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