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What is CIF?

There are many different definitions of CIF, or what CIF means . However, to be considered a CIF price, it must have the following characteristics:

  • Cost : is the ex-factory price of the goods plus all costs associated with getting the goods onto the ship and transportation at the loading port.
  • Insurance : Insurance for goods during transportation to the destination port in the importing country.
  • Freight : The sea freight or shipping cost calculated for an order from the port of loading to the final destination port in the importing country.

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