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A term used in international trade to identify what is included in a price. CIF means cost, insurance and freight - as the price includes freight and insurance costs to a specified destination. Dresdner Kleinwort Wasserstein financial glossary
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CIF CIF
COMMERCE abbreviation for Cost, Insurance, Freight
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Cost, Insurance and Freight. Used to indicate when insurance and freight charges as well as the cost of the goods, are included in the price of a commodity.
► See also C and F.
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CIF UK US noun [U] COMMERCE, INSURANCE
► ABBREVIATION for COST, INSURANCE AND FREIGHT(Cf. ↑cost, insurance and freight)
Financial and business terms. 2012.