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Commodity

CIF

(CIF) is a trade term used in international commerce where the seller is responsible for organizing and paying for transportation of goods to the buyer's chosen port of destination. This includes the cost of the goods, freight charges, and marine insurance.

As a professor of finance, it is important to understand the various trade terms used in international commerce. One such term is Cost, Insurance & Freight (CIF), which refers to the seller's responsibility of arranging and covering the expenses for transporting goods to the buyer's selected port. This includes the cost of the goods, freight charges, and marine insurance. Familiarizing oneself with these terms is crucial in the world of finance and global trade.

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