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Cost Insurance Freight Free Out

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Cost Insurance Freight Free Out
International Shipping – What CIFF represent. Thanks.?

I think it means "Cost, Insurance and Freight, Free Out." Unfortunately I do not understand what it really means. Can anyone help?

CIFF – means Cost Insurance and Freight Free Out. This has come from the Inco-Terms CIF but with one minor exception is, in this type the cost of unloading at the destination to be born by the Buyer.

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June 27th, 2008 at 1:54 pm

Posted in Insurance Tips

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