Cost, Insurance and Freight, an Incoterm under which the seller delivers the goods on board the vessel and pays the cost of freight and marine insurance to the named destination port. Risk transfers to the buyer once the goods are loaded on the vessel at the port of shipment.
Also known as: Cost, Insurance and Freight.
Category: Cargo & Trade
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More in Cargo & Trade
Break BulkCargo that is shipped as individual pieces or packages rather than in containers, including items such as steel, lumber, project cargo, heavy machinery, and bagged goods.BunkerMarine fuel used to power a vessel's main engines and auxiliary machinery.Charter PartyA contract between a shipowner and a charterer for the hire of a vessel or part of its cargo space for a specified voyage, period of time, or on a bareboat basis.COAContract of Affreightment, a long-term agreement between a shipper and a shipowner to transport a specified quantity of cargo over a given period, with individual shipments made on vessels nominated by the owner.ContainerizationThe system of transporting goods in standardised intermodal containers that can be efficiently transferred between ships, trucks, and rail cars without handling the cargo itself.CustomsThe government authority responsible for controlling the import and export of goods at ports, collecting duties and taxes, and enforcing trade regulations.
Back to DictionaryEntry updated May 2026