WebSep 5, 2024 · FOB and CIF both describe overseas shipping agreements that specify whether the buyer or the seller is responsible for the goods while they are in transit¹. Defining FOB (Free On Board) FOB, or “Free On Board,” describes an agreement in which the seller is responsible for the goods until they arrive at the seller’s nearest port and are ... WebArticle 141 of the UAE Commercial Transactions Law (Federal Law 18 of 1993) states: ’A CIF sale is one concluded against a lump sum price covering the price of the item sold, the maritime insurance charges and freight by vessel to the port of destination.’. This article explains the essential features of a CIF contract.

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WebCIF called COST INSURANCE AND FREIGHT , that mean seller must pay the costs and freight includes insurance to bring the goods to the port of destination. FOB called FREE ON BOARD, that mean the buyer is at risk and takes ownership of goods once the seller ships the goods. The major difference between CIF and FOB is the transportation costs and … WebSep 11, 2024 · The Construction Industries Federation of Namibia (CIF) is the national voice of Namibia’s construction industry. Founded in 1952 under the name Master Builders Association and registered in 1993 as the CIF, it has for more than 60 years played a major role in contributing to the economic prosperity of the nation by providing the skills and … fly my dog to spain

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WebApr 16, 2024 · Sedikit banyaknya, Ajaib sudah menjelaskan gambaran garis besar mengenai apa itu CIF pada bank di awal artikel ini. Intinya setiap bank harus memiliki nomor CIF (Customer Information File) yang memudahkan mereka untuk mengetahui data-data nasabah mereka di antaranya: Nama. NIK (Nomor Identitas Kependudukan) sesuai KTP. WebJul 13, 2024 · A customer information file (CIF) is an electronic file that gives a snapshot of a customer’s personal and financial details. It has a unique CIF number and allows companies to quickly identify a customer’s relationship with the institution. CIFs were historically used by banks and financial institutions, but other types of companies are ... WebFeb 2, 2015 · The main differences between CIF and FOB lie in who assumes responsibility for the goods during transit. Under a CIF agreement, the seller assumes the costs and risks associated with transport ... green one piece outfit