CIF C Meaning and
Definition
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CIF C is a term commonly used in international trade, specifically in the context of shipping and delivery of goods. CIF, an acronym for Cost, Insurance, and Freight, is a widely used contractual term in international commercial transactions.
CIF C refers to the inclusion of additional costs associated with the delivery of goods, particularly the cost of carriage or transportation. The term "C" stands for carriage, which indicates that the seller is responsible for arranging and paying for the transportation of the goods to the agreed-upon destination.
Under the CIF C terms, the seller agrees to cover the costs of transportation and insurance required to deliver the goods to the buyer's designated location. This includes the expenses related to loading the goods onto the ship or other mode of transport, the cost of shipping, and the provision of insurance against loss or damage during transit.
In a CIF C transaction, the seller is responsible for procuring and paying for insurance coverage on behalf of the buyer. The insurance typically covers the goods against loss or damage until they are delivered at the agreed destination.
CIF C is commonly used in international trade to provide clarity and transparency regarding the costs and responsibilities involved in shipping and delivering goods. It sets out the obligations of both the seller and the buyer and helps prevent disputes or misinterpretations in commercial transactions.
Common Misspellings for CIF C
- xif c
- vif c
- fif c
- dif c
- cuf c
- cjf c
- ckf c
- cof c
- c9f c
- c8f c
- cic c
- civ c
- cig c
- cit c
- cir c
- cif x
- cif v
- cif f
- cif d
- xcif c
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