C.I.F. Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of C.I.F., written in plain English, along with examples of how it is used.

What is C.I.F.?

(n) CIF is the abbreviation used for cost insurance and freight representing the price of the material shipped is inclusive of all cost and risk till it reaches the destination. In CIF risk lies with the seller till it reaches the destination said in the agreement as the insurance is paid by the seller.