CNF is when the seller pays for all freight charges to destination port, after that the buy pays all costs for clearance customs duties and transport
CIF is when the seller pays for all freight charges to the destination port, after that the buy pays all costs for clearance customs duties and transport, but it contain compulsory sea insurance.
Chat with our AI personalities
Cost, Insurance and Freight (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie "CIF Shanghai." When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance. CIF is an international commerce term
CNF means the seller pays for all freight charges to destination port; after that the buyer pays all costs for clearance, customs, duties, and transport. It also means conjunctive normal form in Boolean logic.
difference between as on and as at
11 digits.
Directly. Their difference IS the difference between them.