An abbreviation for 'cost, insurance, and freight,' a shipping term indicating the seller pays for delivery and insurance to the destination.
Acronym from English cost, insurance, and freight; a standardized international trade term used in commerce since the early 20th century.
CIF is one of the 'Incoterms' (international commerce terms) that traders use worldwide to avoid confusion about who pays for what—it's like a universal contract language for global shipping.
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