
What are CIF Incoterms: Understand Grasping Incoterms
In the field of global commerce – grasping Incoterms (International commercial terms) is essential for seamless transactions. Cost, insurance, and freight, or CIF Incoterms are commonly used word among them, particularly for transportation by sea and inland waterways. CIF outlines the duties of buyers’ and sellers during the shipping process especially regarding cost distribution, insurance…