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Simple English definitions for legal terms

CIF place of destination

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A quick definition of CIF place of destination:

Term: CIF Place of Destination

Definition: CIF Place of Destination refers to a term used in international trade where the seller is responsible for the cost, insurance, and freight of the goods until they reach the agreed-upon destination. This means that the seller is responsible for arranging and paying for the transportation of the goods, as well as insuring them against any damage or loss that may occur during transit. The buyer is responsible for any costs or risks associated with the goods once they arrive at the destination.

A more thorough explanation:

Definition: CIF place of destination refers to the cost, insurance, and freight of goods being shipped to a specific location. It is a term used in international trade where the seller is responsible for the cost of shipping, insuring, and delivering the goods to the buyer's destination port.

Example: A company in China sells goods to a company in the United States. The terms of the sale are CIF Los Angeles. This means that the Chinese company is responsible for the cost of shipping the goods to the port of Los Angeles, insuring the goods during transit, and delivering the goods to the buyer's specified location in Los Angeles.

Explanation: The example illustrates how CIF place of destination works in international trade. The seller is responsible for all costs associated with shipping the goods to the buyer's specified location. This includes the cost of freight, insurance, and delivery. The buyer only needs to pay for the goods and any additional fees associated with customs clearance and import taxes.

CIF destination | Cinque Ports

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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