2006-08-21 22:22:25 · 3 answers · asked by Thiru a 1 in Business & Finance ➔ Other - Business & Finance
It means Cost Insurance & Freight. This means the total amount quoted for the goods to be exported is made up of the actual cost of the goods the insurance thereon and the freight to be paid on it
2006-08-21 22:28:58 · answer #1 · answered by adwoa 2 · 0⤊ 0⤋
It the cost of the product including Insurance and Freight, i.e. cost of the product unloaded on the dock. CIF stands for Cost-Insurance-Freight.
2006-08-22 05:29:17 · answer #2 · answered by ngiapapa 4 · 0⤊ 0⤋
CIF stands for Cost Insurance & Freight . It means teh price includes teh manufactureing cost, plus Insurance charges from the port of loading to the port of discharge & the freight from port of loading to port of discharge
2006-08-22 05:45:22 · answer #3 · answered by Its Me 1 · 0⤊ 0⤋