>  Term: cost, insurance, and freight (C.I.F.)
cost, insurance, and freight (C.I.F.)

In general, c.i.f. means that the seller’s price includes the cost of the goods, the marine insurance, and all transportation charges to the named point of destination. Similar terms include C.&F., cost and freight; C.F.I., cost, freight, and insurance; C.I.F. & C., cost, insurance, freight, and commission; C.I.F.C. & I., cost, insurance, freight, commission, and interest; and C.I.F.I. & E., cost, insurance, freight, interest, and exchange. C.A.F. is the French form of C.I.F.

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