CIF (Custo, Seguro e Frete)
1. An international commercial term (Incoterm) meaning Cost, Insurance, and Freight, indicating that the seller pays for the goods, insurance, and freight to the port of destination, but the buyer assumes risk once goods are loaded on the vessel
The contract specifies CIF delivery to the Port of Santos.
O contrato especifica entrega CIF para o Porto de Santos.
2. A pricing agreement in international trade where the seller covers costs and transportation but not full responsibility after shipment
Under CIF terms, the exporter arranges shipping and insurance.
Sob os termos CIF, o exportador arranja o transporte e o seguro.
CIF is a fundamental term in Brazilian international commerce, particularly important in port cities like Santos and Rio de Janeiro where significant import/export activities occur. It is part of the standardized Incoterms established by the International Chamber of Commerce (ICC) and is universally recognized in global trade negotiations.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →