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 ?
Project name : BB - BANK BUDGETTF0A2009 - CIF Special Initiatives for Learning and Knowledge Exchange
That would mean over half of CIF money used would have been put towards the council's own projects.
The EU executive believed that this plan was compatible with the EU crisis rules for state aid to banks because "the CIF pays an adequate remuneration for the guarantees provided by the state and also contributes to bearing the resolution costs".
A CIF is created by a declaration of trust, with each investing retirement plan holding a proportionate interest in the underlying assets.
Under a CIF contract, the purchaser is obliged to pay against the tender of a clean bill of lading that covers the goods contracted to be sold, an insurance policy and a commercial invoice that shows the price.
If you need to dispute any OCIE listed in your name, first try working with your nearest CIF facility.
I am pleased to be joining such a highly regarded team and look forward to developing new client relationships and contributing to the growth of CIF in the West Midlands.
Merrill didn't earn a bye as a CIF champion, but will wrestle a lower seed in the first round of the 112-pound bracket, which will also feature Royal's Sam Mestaz.
While the way CIF works remains unknown, Lipkin's data do show that it will alter chemicals and structures on the surface of incubated cnacer cells.
Sports Authority has been working with officials at CIF to ensure BBCOR bats are available at all California Sports Authority locations to accommodate for the new rule.
The seven CIF countries are Cameroon, Ghana, Madagascar, Mali, Morocco, Niger, and Uganda.
As spelled out in Financing Change: the AfDB and CIF for a Climate-Smart Africa, this work is part of the Bank's larger vision to support African nations' efforts to achieve climate-smart growth.