C.I.F - Definition - Law Dictionary Home Dictionary Definition c-i-f

Definition :

C.I.F.--'Cost, insurance, and freight.' Sometimes written C.F.I. These letters in a mercantile contract denote that the price named includes the price of the goods (cost), their insurance during transit to the purchaser, and the carriage (freight). As to obligations of parties to a C.I.F. contract, see Biddell Bros. v. Clemens Horst, 1911 (1) KB 952; 1912 AC 18; Manbre Saccharine Co. v. Corn Products, 1919 (1) KB 198; Wilson Holgate v. Belgian Grain Co., 1920 (2) KB 1.