cost, insurance, and freight (CIF)

Cost, insurance, and freight (CIF) is one of several standard terms of sale for exports and imports.

On This Page

Additional Information


CIF indicates that the seller must obtain transit insurance on the goods, since the price paid by the buyer includes the cost of goods, insurance while they are in transit, and all freight charges.

Related Terms


Cost and freight (C and F) is one of several standard terms of sale for exports and imports.

"Free alongside" is one of several standard terms of sale for exports and imports. When goods are...

Free on board is one of several standard terms used in contracts of sale to indicate responsibility...