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CIF Southern Section Information for Membership 2017/18 School Year What is CIF? The California Interscholastic Federation is a union of over 1,700 member schools both public and private. CIF is empowered
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CIF stands for Cost, Insurance, and Freight, and it is a pricing term used in international trade for the sale of goods where the seller pays for the costs of transporting the goods to the port of destination, insurance, and freight.
Importers and exporters involved in international trade are required to understand and use CIF as a pricing term when buying or selling goods.
To fill out CIF terms, the seller must arrange and pay for the costs of transporting the goods to the port of destination, insurance, and freight. The buyer is responsible for any additional costs once the goods reach the port of destination.
The purpose of CIF terms is to clarify the responsibilities and cost allocations between the buyer and seller in international trade transactions.
The CIF pricing term must include the cost of the goods, insurance, and freight for the shipment, as well as the specific port of destination.
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