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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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shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
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