WebThere are two major terms of shipment widely used round the globe. These are freight on board (FOB) and cost net freight (CNF). Other terms such as cost net insured (CIF) and … WebCIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. When purchasing internationally, the seller is …
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WebCost & Freight (not in INCOTERMS 1990) cf Cubic Feet CFR Cost & Freight (named port of destination) CHIEFS The UK Customs electronic system for both export and import transactions ch pd Carriage Paid ch ppd Carriage Pre-paid C/I Consular Invoice/Certificate of Insurance CIF Cost Insurance & Freight (named port of destination) CIF&C WebWhat are CIF Shipping Terms CIF (Cost, Insurance and Freight) and CFR (Cost and Freight, sometimes called C&F or CNF) are widely used international shipping terms or … WebCost And Freight: Cost refers to the cost of goods and freight refers to all other costs relating to all the means of transportation of the goods. It means that the seller must pay the costs and freight necessary to bring the goods to a named port of destination and must also procure marine insurance against the buyer's risk or loss to the ... port adelaide girls technical high school