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Meaning of “cost, freight and insurance” in the English Dictionary

"cost, freight and insurance" in Business English

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cost, freight and insurancenoun [U]

uk   us   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
(Definition of cost, freight and insurance from the Cambridge Business English Dictionary © Cambridge University Press)
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