Cost Insurance And Freight (CIF): In general, c.i.f. Means that the seller’s price includes the cost of the goods, the marine insurance, and all transportation charges to the named point of destination. Similar terms include C.&F., cost and freight: C.F.I., cost, freight, and insurance: C.I.F. & C., cost, insurance, freight, and commission: C.I.F.C. & I., cost, insurance, freight, commission, and interest: and C.I.F.I. & E., cost, insurance, freight, interest, and exchange. C.A.F. is the French form of C.I.F.

 

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