Easy 1 point ID: #7296
Question

The Inconterm CIF stands for--

Options

1

Cost, Insurance & freight

Correct Answer
2

Clean Initial Finding

Correct Answer
3

Common Internal Fund

Correct Answer
4

None of the previous

Correct Answer

Explanation

CIF is an expense paid by a seller to cover the costs, insurance, and freight of a buyer's order while it is in transit. It applies only to goods transported via a waterway.

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Type Single Choice
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