CIF value
[siː aɪ ɛf ˈvæljuː]
nounpl: CIF values
valor CIF
1. The total cost of imported goods including the cost of the goods, insurance, and freight charges up to the port of destination
The CIF value of the shipment was calculated to be $50,000, including all transportation and insurance costs.
O valor CIF do carregamento foi calculado em $50.000, incluindo todos os custos de transporte e seguro.
2. In international trade, the valuation method used for customs purposes where the seller covers costs, insurance, and freight
For customs clearance, we need to declare the CIF value rather than just the merchandise cost.
Para o desembaraço aduaneiro, precisamos declarar o valor CIF e não apenas o custo da mercadoria.
CIF value is a critical term in Brazilian import/export operations, particularly relevant for businesses in major commercial centers like São Paulo and Rio de Janeiro. It is essential for accurate customs declaration and tariff calculation under Receita Federal regulations. The term is standardized internationally under Incoterms rules established by the International Chamber of Commerce.
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