Cost, Insurance and Freight (CIF)

Knowledge Center

Summary, forum, best practices, expert tips and information sources.


What is Cost, Insurance and Freight (CIF)? Meaning.

Cost, Insurance and Freight (CIF) is an international sales term used in the transportation industry, especially ocean transport. When a price is quoted CIF, it means that the selling price includes the cost of the goods, the freight or transport costs and also the cost of marine insurance.

The seller's responsibility for the goods ends when the goods have been delivered to the marine carrier or have been delivered on board the shipping vessel, depending upon the terms of the contract.

Note that because this is a legal term, its exact definition is much more complicated and can differ by country.

Special Interest Group

Cost, Insurance and Freight (CIF) Special Interest Group.

Special Interest Group (6 members)


Forum about Cost, Insurance and Freight (CIF).

🔥 NEW Question on the Use of CIF
Hello, I have shipped some goods CIF, they were loaded on to the ship in good order, passed the inspections and the ship (...)
1 reactions
Cost, Insurance and Freight (CIF) Synonyms?
What other common names are being used for Cost, Insurance and Freight (CIF)? (...)
2 reactions
Best Practices

The top-rated discussion topics about Cost, Insurance and Freight (CIF). Here you will find the most valuable ideas and practical suggestions.

Expert Tips

Advanced insights about Cost, Insurance and Freight (CIF). Here you will find professional advices by experts.

Who Bears the Goods' Damage Risk? - INCOTERMS 2020

Transportation, Insurance, International Trade, Import, Export of Goods, Risk of Damage, Freight Terms (...)
Information Sources

Various sources of information regarding Cost, Insurance and Freight (CIF). Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.

Compare with: Free on Board

Special Interest Group Leader

Are you an expert in Cost, Insurance and Freight (CIF)? Sign up for free

Link to this knowledge center

Copy this code to your web site:


Return to Management Hub: Finance & Investing  |  Supply Chain & Quality

More on Management  |  Return to Management Dictionary  | 


This ends our Cost Insurance and Freight (CIF) summary and forum.

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 30-11-2020. All names of their owners.