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

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