What does CIF and CNF mean in shipping terms?

Answer:
CIF m mean is: the seller pay the Cost, insurance and freight to distance port.

CIF means the buyer insures the goods for the maritime phase of the voyage, the shipper/seller will insure the merchandise. In this arrangement, the seller usually chooses the forwarder. "Delivery" as above, is accomplished at the port of destination.
First answer by ID1596668785. Last edit by FMC Concultant. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 9 [recommend question].

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Related topics:

  • .cnf (file extension)
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