The ICC and Cost, Insurance, and Freight. CIF is one of the international commerce terms known as Incoterms. Incoterms are common trade rules developed by the International Chamber of Commerce...

Cif is a French brand of household cleaning products owned by the Anglo-Dutch company Unilever, known as Jif in Australia, New Zealand, Japan, Middle East and the Nordic countries. Cif was launched in France in 1965 and was marketed in competition against scouring powders...

Incoterms CIF is short for "Cost, Insurance and Freight." Under CIF Incoterms, the seller delivers goods onboard the vessel at the port of shipment, pays for transport and minimum insurance coverage.

In CIF terms, the seller clears the goods at origin places the cargo on board and pays for insurance until the port of Even though the seller pays for insurance during the main carriage, the risk is...