WebOct 22, 2024 · 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 ... WebFeb 16, 2012 · CIF stands for Core Interface. It is the interface for data transfer between an ERP system (SAP R/3 or SAP ERP) and a connected SCM system, such as SAP Advanced Planning and Optimization (SAP APO) or SAP Supply Network Collaboration (SAP SNC). The basis for the data transfer is the Integration Model on the ERP side.
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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 ... WebCIF stands for C ost, I nsurance, and F reight. Along with FAS, FOB, and CFR, it’s one of four Incoterms that applies only to goods that move via sea and inland waterway. The CIF Incoterm is very similar to CFR, in that the seller pays for all the costs up to and including the ocean freight to a destination port of the buyer’s choosing. WebThe Community Investment Fund 2030 (CIF) will foster economic development in historically underserved communities across the state. CIF will provide a total of up to $875 million … soller no v g and another 2003 5 sa 430 w