What Does CIF Stand For?
CIF stands for Cost Insurance And Freight Paid Shipping
CIF, or Cost Insurance and Freight Paid Shipping, is a shipping arrangement where the seller covers the costs of transportation, insurance, and freight charges to deliver goods to a specified destination port. Under this agreement, the seller is responsible for the goods’ safety and risk until they reach the destination, ensuring that the buyer receives the shipment with minimal additional liability. CIF terms are commonly used in international trade contracts to clarify responsibilities and costs associated with shipping.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym