Final answer:
CIF stands for Cost, Insurance, and Freight. It is a type of incoterm that specifies the responsibilities and costs associated with shipping goods.
Step-by-step explanation:
In the case of SMG selling frozen poultry to KVADRO, the shipping terms CIF stand for Cost, Insurance, and Freight. CIF is a type of incoterm that specifies the responsibilities and costs associated with shipping goods from the seller to the buyer. Under CIF terms, SMG is responsible for the cost of the goods, the insurance of the shipment, and the freight or transportation charges to deliver the goods to KVADRO.