Glossary
What is CIF?
An Incoterm under which the seller pays the cost of the goods, the freight, and the cargo insurance through to the buyer's named destination port, even though risk passes to the buyer earlier, once the goods are on board.
This term in other languages
| Arabic | CIF (التكلفة والتأمين والشحن) |
|---|---|
| French | CIF (coût, assurance et fret) |
| Turkish | CIF (maliyet, sigorta ve navlun) |
Learn it in the lesson
What cargo insurance covers and why FOB and CIF shift who buys it
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