Trade Knowledge
Trade Terms: Cost, Insurance, Freight (CIF)
2015-12-16 14:49  View:255

A shorthand term for signifying that the price invoiced or quoted by a seller includes insurance and all other charges up to the named port of destination. In comparison, carriage and insurance paid to (CIP) terms include insurance and all charges up to a named place in the country of destination (usually the buyer's warehouse). See also cost and freight (C&F).