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If a startup budget is tight, a business idea's promise is likely to be determined by the entrepreneur's ability to
CIF
Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.
Shipping Term
Refers to agreed terms between a seller and buyer that outline the details about the delivery of goods, including who is responsible for shipping costs and risk of damage.
Negotiable Document
A written instrument, such as a bill of exchange, promissory note, or check, that guarantees payment of a specific amount of money and is transferable among different parties.
Goods-in-bailment
Items that are temporarily delivered to someone (the bailee) for custody or storage, without transfer of ownership.
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