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 ?
The electric MOFFETTs will be delivered to FPS during February 2016.
We show you the prospects for the following regions: - Asian FPS Market Forecast 2015-2025 - European FPS Market Forecast 2015-2025 - Latin American FPS Market Forecast 2015-2025 - Middle East and North African (MENA) FPS Market Forecast 2015-2025
Nanayakkara said that next year remains a challenge for the FPS Group globally, as it does for many freight industry players, but one in which the Group is confident it will continue to service its client base worldwide to the highest standards while at the same time confidently demonstrating its relevance and importance in creating a better business environment for its members worldwide.
FPSSs have a long history and have proved particularly popular offshore Brazil, where Petrobras has embraced FPS technology as a means of developing the country's extensive deepwater reserves.
They cited other incidents when FPS contractors missed payrolls or failed to pay overtime.
Paul Moxon, who represented ABN AMRO Capital on the board of FPS, said: 'We took a calculated risk when we backed Terry and his team to buy FPS out of receivership.
Innovative FPS concepts drivers for innovation; designs based on FPSOs, FPSSs, TLPs, spars, FPDSOs & other concepts including floating LNG and GTL systems.
TN Games will delight gaming media and enthusiasts by showcasing their patented 3rdSpace[TM] FPS Vest and premier their new multi-player first person shooter game, 'Incursion', generating an experience like nothing else at the Consumer Electronics Show, South Hall 2, Booth 25308.
FPS faces a number of significant challenges now that it has been transferred from GSA to DHS.
It analyses historic and future FPS installations over the period 2002-2011 by region, operator, water depth, and vessel type.