Cif Contract Sample Contracts
CIF:-Cost, Insurance & FreightCif Contract • May 4th, 2020
This is the most recognizable term associated with the export trade which the custom of the merchants has evolved. Lord Wright' observed that the term CIF ("Cost, Insurance, Freight") is a type of contract which is more widely and more frequently in use than any other contract used for purposes of seaborne commerce.
Standard Contracts
47301 KELANA JAYA, SELANGOR, MALAYSIA CIF CONTRACT FORCif Contract • November 7th, 2022
The Seller has agreed to sell and the Buyer has agreed to buy the following products on terms and conditions as stipulated hereunder:
THE COST INSURED FREIGHT (CIF) CONTRACTCif Contract • October 5th, 2004
With the development of modern communications such as the telex and marine insurance it became common for the seller to arrange everything and to retain the bill of lading till payment from the 1860ʹies onwards. The seller sends the three copies of the bill of lading issued to him overland or by airmail to the buyer who customarily received them before the goods arrived. Today Banker’s Irrevocable Documentary Credits and Bankerʹs Irrevocable Confirmed Documentary Credits are facilitated by airmail. The c.i.f. sales contract depends on rapid communications and is considered to be a more convenient method of contracting than f.o.b.
