CIF
- An international trade term indicating that the seller covers cost, insurance, and freight for goods transported, typically by sea
- The contract states that the CIF terms apply, so the seller is responsible for all shipping costs and insurance.
- The CIF term was included in the agreement, placing the freight costs on the seller's shoulders.
- In this deal, CIF applies, indicating that the seller is in charge of handling cost, insurance, and freight.
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