CIF Contract
CIF contract in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of CIF contract.
Resources
See Also
- Law Enforcement Officer
- Police Officer
- Law Enforcement Agency
Further Reading
- CIF contract in A Dictionary of Law Enforcement (Oxford University Press)
- CIF contract in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
Definition of C.I.F. Contract
In the context of international law, the legal resource A Dictionary of Law, provides a definition of C.I.F. Contract : C.I.F. contract
(cost. insurance. freight contract)
A type of contract for the international sale of goods by which the seller agrees not only to supply the goods but also to make a contract of carriage with a sea carrier, under which the goods will be delivered at the contract port of destination, and a contract of insurance with an insurer, to cover them while they are in transit. The seller performs his contract by delivering the relevant documents to the buyer: an invoice specifying the goods and their price, a *bill of lading evidencing the contract of carriage, a policy of insurance, and any other documents specified in the contract. The contract will normally provide for payment against documents. The risk of accidental loss or damage normally passes to the buyer on or as from shipment. c.i.f. is a defined *incoterm under Incoterms 2000.
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