cost, insurance, and freight: used by a seller to indicate that the price quoted includes the cost of the merchandise, packing, and freight to a specified destination plus insurance charges.
Also, CIF, c.i.f.
British Dictionary definitions for cif
c.i.f.
abbreviation
1.
cost, insurance, and freight (included in the price quoted)
Word Origin and History for cif
also c.i.f., abbreviation of cost, insurance, freight, a trade term.