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the total of cost, insurance and freight charges to be paid on goods purchased and shipped.


‘cost, insurance, freight’, a special type of sale of goods. The quoted price includes the cost of the goods, the cost of insurance while the goods are in transit and the cost of the freight to the destination. It clearly eases the buying of goods across national boundaries, especially so where distance is involved. The seller is in the best position to obtain a good price for insurance and freight, so the utility of the standard contract is evident. The seller delivers the goods to the carrier and sends the invoice, insurance policy and bill of lading to the buyer.
References in periodicals archive ?
NEW YORK -- PIMCO Corporate Income Fund (the "Fund") (NYSE: PCN), a diversified closed-end management investment company which seeks to provide high current income with secondary objectives of capital preservation and appreciation, today announced its results for the fiscal quarter and year ended October 31, 2011.
M2 EQUITYBITES-September 22, 2011-PIMCO Corporate Income Fund and PIMCO Corporate Opportunity Fund change names and investment policies(C)2011 M2 COMMUNICATIONS http://www.
NEW YORK -- The Boards of Trustees of PIMCO Corporate Income Fund (NYSE: PCN), PIMCO Corporate Opportunity Fund (NYSE: PTY), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Opportunity Fund (NYSE: PKO), PIMCO Strategic Global Government Fund, Inc.

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