CIF
It means cost, insurance and freight. It’s basically the same as CFR but with the difference that the seller has to procure marine insurance against the risk of loss of or damage to the goods during the course of transporting.
CIF
It means cost, insurance and freight. It’s basically the same as CFR but with the difference that the seller has to procure marine insurance against the risk of loss of or damage to the goods during the course of transporting.
