cost, insurance and freight - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “cost, insurance and freight”

cost, insurance and freight

noun [U]
 
 
( abbreviation CIF)
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
(Definition of cost, insurance and freight from the Cambridge Business English Dictionary © Cambridge University Press)
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