Logistics popular terminology and its meaning...
CIF - Cost, Insurance, and Freight
CIF means that a seller is providing the goods, their transportation, and insurance for the cost paid by the buyer.
Other costs, including import and local delivery, are the responsibility of the buyer.
Those who imports goods from China are often familiar with this term.
New importers should use caution, as foreign manufacturers may give the impression that CIF includes all costs.
0 notes