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

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


‘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.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
Greenberg compared the FCIF to the Screen Actor's Guild, noting the concept of supporting colleagues throughout the industry.
Wisely, upon returning to home station, the DO immediately issued a Flight Crew Information File or FCIF notice restricting crews to two legs for deployments to Kadena with a required Remain Over Night or RON if three legs were planned.
FCIF was created more than 20 years ago to focus industry attention on the health, human service and welfare needs of floor covering industry members in times of life-altering medical hardships.
Last year's event raised $100,000 for the benefit of FCIF, and CCA is determined to top that this time around.