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

"cost, insurance and freight" in Business English

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cost, insurance and freightnoun [U]

uk   us   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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