CIF deductible

A contractual provision under the CIP incoterm that specifies the insurance deductible (franchise) applicable to goods in transit. It defines the port...

An insurance policy with a deductible in which the insured bears a specified portion of losses up to a limit before the insurer pays. In logistics/tra...

The term denotes the deductible (franchise) amount in a cargo insurance arrangement used in connection with Incoterms. It describes the amount the ins...

Input VAT deduction is a tax mechanism allowing a business to deduct the value-added tax (VAT) paid on its purchases (input tax) from the VAT it is re...

The deductible in maritime transport is the amount that the policyholder must bear in case of a claim, before the insurance company pays out any compe...

A VAT procedure in which a business is allowed to deduct the input VAT (the VAT paid on purchases) from its output VAT payable, i.e., the mechanism fo...