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
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