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English definition of “cost, freight and insurance”

cost, freight and insurance

noun [U]     ( abbreviation CFI) TRANSPORT, INSURANCE
used as an incoterm to mean that the total price of goods sold includes the price of transporting them by ship as well as the price of insurance
→ See also cost, insurance and freight
(Definition of cost, freight and insurance noun from the Cambridge Business English Dictionary © Cambridge University Press)
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