The name for a family of internationally recognised trading terms, that allows pricing/delivery/other contractual obligations to be standardised, and have the same interpretation throughout the world. E.g. 'CIF London' means Carriage, Insurance, and Freight paid by supplier to London destination of customer.
CIF, FOB, or other term. These terms govern shipping, insurance, and delivery costs that are special conditions attached to orders. These are all listed and defined in the International Trading Glossary 42.
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