Definition, Meaning & Synonyms

CFI

abbreviation

see-eff-eye

Definition

CFI stands for ‘Cost and Freight.’ It is a shipping term used in international trade that indicates the seller is responsible for the costs and freight necessary to bring goods to a specified port.

Examples

The seller agreed to a CFI term for the delivery of the machinery.
Under the CFI terms, the buyer doesn’t pay for shipping until the goods arrive at the port.
When negotiating a contract, it’s important to understand the implications of CFI.

Meaning

In a CFI agreement, the seller covers the cost of shipping the goods and is responsible for their safe delivery to the destination port, while the buyer takes on the risk once the goods are on board the carrier.