CIF

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C.I.F.

the total of cost, insurance and freight charges to be paid on goods purchased and shipped.

CIF

‘cost, insurance, freight’, a special type of sale of goods. The quoted price includes the cost of the goods, the cost of insurance while the goods are in transit and the cost of the freight to the destination. It clearly eases the buying of goods across national boundaries, especially so where distance is involved. The seller is in the best position to obtain a good price for insurance and freight, so the utility of the standard contract is evident. The seller delivers the goods to the carrier and sends the invoice, insurance policy and bill of lading to the buyer.
References in periodicals archive ?
It offers extensive capabilities in areas such as integrated general ledger, relationship-based customer information file, advanced loan origination and processing, profitability analysis, data warehousing, and integration with leading third-party solutions.
Wealthview Leadbuilder leverages a bank's back-office customer analytics system such as a Marketing Customer Information File (MCIF) and directs MCIF-generated marketing campaigns to the desktops of frontline staff.
It is built around a single database structure, has an open, modular architecture, and offers extensive capabilities in areas that include integrated general ledger, relationship-based customer information file, advanced loan origination and processing, profitability analysis, data warehousing, and tight integration to leading third-party solutions.
In addition, the online customer information file interface helps reduce fraud and creates new efficiencies that ease labor-intensive processes.
products such as Harland's Marketing Customer Information File product
It is built around a single database structure, has an open modular architecture and offers extensive capabilities in areas that include an integrated general ledger, relationship-based customer information file, advanced loan origination and tracking system, profitability analysis, data warehousing and ATM processing.

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