All terms

Shipping & logisticscif

CIF

Cost, Insurance, and Freight — seller pays freight + marine insurance; risk still passes at load port.

CIF (Cost, Insurance, and Freight) under Incoterms 2020: seller pays cost, freight, AND marine insurance to the named discharge port. Like CFR, risk still passes at the load port — but the seller procures insurance covering the buyer.

Related: CFR, FOB, Incoterms.

Frequently asked

What does CIF mean in oil and commodity trading?
Cost, Insurance, and Freight — seller pays freight + marine insurance; risk still passes at load port.
How do I check a counterparty that uses CIF in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

cfrfobincoterms

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.