Definition: The word "cost insurance and freight" is a legal term used in international trade to refer to the total cost of shipping goods from one place to another, including both the costs involved with shipping goods (such as shipping fees) and the costs associated with transporting them through various transportation modes (such as air or sea). This includes all expenses related to handling and processing the shipment, as well as any customs duties or taxes that may apply depending on the destination country. The cost of shipping and freight is typically quoted in relation to the weight and volume of the goods being shipped, which is an important factor in determining the total cost.
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