A pricing term indicating that "cost, insurance, freight" charges are included in the quoted price.

These letters in contracts of sale indicate (as does C.F.I. or CF&I) that the price fixed covers the cost of goods, insurance, and freight.

Cost Insurance Freight (see Terms of Sale)

Cost, insurance, freight. A c.i.f. contract is a contract for the sale of goods where the seller's duties are: (1) to ship at the port of shipment, within the time named in the contract, the goods of the contract description; (2) to procure on shipment a contract of affreightment under which the goods will be delivered at the destination contemplated by the contract; (3) to effect, upon the terms current in the trade, an insurance of the goods which will be available for the benefit of the buyer; (4) to make out an invoice of the goods; (5) to tender to the buyer the bill of lading, the invoice and the policy of insurance.

Cost, insurance and freight. A delivery term under which the seller prices his goods to include their cost, the freight costs for delivering them to a named port and the cost of insuring them during transit. Refer to INCOTERMS for standard definition.

an abbreviation for "cost, insurance, and freight."

Cost, insurance and freight paid to a point of destination and included in the price quoted.

cost, insurance and freight: export term in which the price quoted by the exporter includes the costs of ocean transportation to the port of destination and insurance coverage.

A price that covers delivery to a specified destination and insurance for that transportation. If insurance is not included it is referred to as C&F.