Hi
Can anyone please explain me this term?
CIF Contract.
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CIF Contracts
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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