Concepts




CIF price


The price inclusive of cost, insurance and freight. The seller pays the sea freight to the agreed port of destination and takes out marine insurance for the goods in the buyer's favour.



Statistics using the definition

Validity of the definition

  • Valid

Source organisation

  • Tilastokeskus

The price includes costs, insurance and freight between the ports of loading and destination. The seller pays the sea freight to the agreed port of destination and takes out marine insurance for the goods in the buyer’s favour.



Statistics using the definition

Validity of the definition

  • Valid

Source organisation

  • Tilastokeskus

Jaa