cif
abbreviation for 'cost, insurance, freight', a special type of sale of goods. The quoted price includes the cost of the goods, the cost of insurance while the goods are in transit and the cost of the freight to the destination. It clearly eases the buying of goods across national boundaries, especially so where distance is involved. The seller is in the best position to obtain a good price for insurance and freight, so the utility of the standard contract is evident. The seller delivers the goods to the carrier and sends the invoice, insurance policy and bill of lading to the buyer. Its incidents are well known, but any tampering with the arrangement can have unfortunate legal consequences: see Leigh and Sillivan v . Aliakmon Shipping [1986] AC 785.

Collins dictionary of law. . 2001.


CIF
An acronym for Cost, Insurance, and Freight. CIF is an international commercial term used to describe who will pay these fees when goods are transported by sea (and it's sometimes used to describe air freight as well). These trade terms are often identical in form to domestic terms (such as the American Uniform Commercial Code), but have different meanings. You should consult an international trade lawyer before using this or similar terms.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • Cif — Saltar a navegación, búsqueda CIF puede referirse a: CIF: Acrónimo de Código de Identificación Fiscal. Documento de identificación de personas jurídicas en España. CIF: Acrónimo de Common Intermediate Format. Formato normalizado que es utilizado… …   Wikipedia Español

  • cif — cif, c. i. f. [t̮sɪf; Abk. von engl. cost, insurance, freight]: Abk. für eine Rechtsklausel im Überseehandelsgeschäft, wonach im Warenpreis Verladekosten, Versicherung u. Fracht bis zum Bestimmungshafen enthalten sind. * * * I CIF   [Abk. für …   Universal-Lexikon

  • CIF — steht für: Caltech Intermediate Form, ein Dateiformat für Layoutdaten von Elektrobahnen Cauchysche Integralformel, ein Satz in der mathematischen Funktionentheorie Common Intermediate Format, ein Videoformat Cost, Insurance, Freight, eine… …   Deutsch Wikipedia

  • CIF — CIF  многозначная аббревиатура: CIF (формат файла) Common Intermediate Format  стандарт размера изображения графических и видеофайлов равный 352 x 288 пикселей Cost, Insurance and Freight (CIF) термин, применяемый в международной… …   Википедия

  • CIF — es un acrónimo que puede referirse: al Centro Internacional de Física definida en Colombia; a la Clasificación Integrada de las Fases de la Seguridad Alimentaria; a la clasificación internacional del funcionamiento, de la discapacidad y de la… …   Wikipedia Español

  • CIF — abbrev. cost, insurance, and freight * * * CIF abbr. cost, insurance, and freight. * * * …   Universalium

  • CIF — (pronunciamos cif ) sustantivo masculino 1. Sigla de Código de Identificación Fiscal , España …   Diccionario Salamanca de la Lengua Española

  • CIF — is an acronym that may stand for: * Cost, Insurance and Freight a sales contract term indicating that price includes cost, insurance and freight * Common Intermediate Format a standard video and computer image size containing 352 x 288 pixels *… …   Wikipedia

  • cif — (seltener caf), im Handel gebräuchliche Abkürzung für engl. »cost, insurance (assurance), freight«, bedeutet, daß der Verkäufer die Kosten für Verladung (einschließlich aller während der Beförderung auch durch unvorhergesehene Ereignisse… …   Meyers Großes Konversations-Lexikon

  • Cif — (bei Preisangaben für Jute, Wolle u.s.w.), eine Abkürzung für cost, insurance, freight und bedeutet also Preis einschließlich Versicherung und Fracht …   Lexikon der gesamten Technik

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