- Vietnamese
- Tiền hàng, bảo hiểm và cước phí
- English
- Cost, insurance and freight
- Abbreviation
- CIF
- Synonyms
- incoterms
Definition
Delivery term: seller pays freight and insurance to the destination port; risk passes when goods are loaded at the port of shipment.
Explanation
Viet Nam's customs value for imports is determined up to the first port of entry, close to the CIF price.
Example
CIF Cat Lai.