Cost, insurance, freight, and interest (ciLfj.)

By:
Updated: Aug 20, 2021

A type of foreign trade contract. It is similar to cost, insurance and freight exccpt that interest is paid on the value of the goods. This may be for the benefit of some middle-man acting for the importer.

Reference: The Penguin Business Dictionary, 3rd edt.


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.