The price of a traded good including transport cost. It stands for "cost, insurance, and freight," but is used only as these initials (usually lower case: c.i.f.). It means that a price includes the various costs, such as transportation and insurance, needed to get a good from one country to another. Contrasts with FOB.
Browse by Subjects
See All Related Terms »
International Commodities Clearing House
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):