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LSDefine

Simple English definitions for legal terms

CIF place of destination

Read a random definition: conventional subrogation

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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