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Cif (cost, insurance, freight) clause is the clause mainly used for unloading transactions concerning generic goods in overseas traffic and obliges the seller to properly ship and insure the goods at his own expense up to the cif location.

Term-Nr.: 155

German: Cif-Klausel (205)

Source: LK-Lötscher, 11.05.2020

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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