CIF Contract definition
CIF Contract means a contract of sale of goods under this agreement of which the price to be paid by the Customer is inclusive of insurance and freight costs from the Port of Loading to the Port of Destination;
Examples of CIF Contract in a sentence
Cargill Confidential May 2006 2 In the event the market price (as determined by the [****] page) falls to [****] below the Final Contract Price, the Buyer shall immediately pay [****] of the Final CIF Contract Price.
In the event that the Goods are exported, delivery of the Goods may be subject to either FOB Contract or CIF Contract.
In case of a CIF Contract, insurance shall be taken out by Seller against marine risks on F.P.A. (Free from Particular Average) at 110% of the invoice amount and unless otherwise agreed, shall not include any War Risks.