Browse terms related to these fuel groups:alternative fuels|coal|electricity|natural gas|nuclear|petroleum|renewable
CIF (cargo, insurance and freight): CIF refers to cargos for which the seller pays for the transportation and insurance up to the port of destination.
CIF (cost, insurance, freight): This term refers to a type of sale in which the buyer of the product agrees to pay a unit price that includes the f.o.b. value of the product at the point of origin plus all costs of insurance and transportation. This type of a transaction differs from a "delivered" purchase, in that the buyer accepts the quantity as determined at the loading port (as certified by the Bill of Lading and Quality Report) rather than pay based on the quantity and quality ascertained at the unloading port. It is similar to the terms of an f.o.b. sale, except that the seller, as a service for which he is compensated, arranges for transportation and insurance.