Cost, Insurance, and Freight (CIF) is a cornerstone term in the international freight forwarding industry, vital for businesses involved in global trade. As one of the most widely used Incoterms (International Commercial Terms), CIF outlines key responsibilities for the buyer and seller when goods are transported via sea or inland waterways. A clear understanding of CIF is essential for freight forwarders, exporters, and importers to mitigate risks, streamline logistics, and manage costs effectively.
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