CIF (Cost, Insurance and Freight)

What is CIF?

The seller pays ocean freight and minimum marine insurance to the named destination port, but risk still transfers to the buyer once the goods are loaded at origin — a distinction that matters only when something goes wrong at sea. Convenient for a first order, though the freight margin is embedded in the unit price rather than visible, so compare a CIF quote against FOB plus your own freight rate before assuming it is cheaper.

At a glance

Category

Trade & logistics

Also known as

Cost, Insurance and Freight · 운임·보험료 포함 인도조건

Korean term

운임·보험료 포함 인도조건

Last reviewed

July 23, 2026

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