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What is CIF?

What is CIF? Here are some definitions.

Noun
  1. (incoterm) Initialism of Cost, Insurance and Freight.
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For example, in a CIF shipment, insurance is arranged by the seller and the policy is assigned to the buyer where the risk of shipment transfers.
The Agilent ADCM-1650 and ADCM-1670 camera modules offer CIF resolution, and the ADCM-2650 provides VGA resolution.
Moreover, given that there are multiple funds currently being developed, we have worked with the Trust Fund Committee to establish a working group on the harmonization of the CIF results measurement framework.
In fact, they are darned sure and tootin' they turned it in a long time ago in a CIF far, far away.
Between these two extremes you have the 11 other Incoterms including the most widely used one, CIF, short for cost, insurance and freight.
The review should also address the bottlenecks in the planning system that are causing unnecessary delays and costs to the construction sector, the CIF said.

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