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CIF Contracts

1503 views 5 replies

Hi

Can anyone please explain me this term?

CIF Contract.

 

Replies (5)
Cost include insurance & Freight
This is not fixed contract with CIF Agent, this is depend upon of value of consignment to consignment ( cost of Frieght, Insurance and fee of clearerance)

yes sanjay is right

Cost Include Insurance & Fright up to the Port. All expenses relating to Clearance and other may be extra.i.e up to the port .

 

CIF means cost(FOB)+insurance and freight

Freight may be port to port or port to CFS or CFS to CFS as may be

 


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