What is CIF?

Cost, Insurance and Freight, a sales contract term indicating that price includes cost, insurance and freight.

Sometimes this is mistaken for the term FOB.

CIF price does not include customs, tax and forwarding the boat to the customer at the port of arrival.

Cost of a boat imported to Australia for example: 

              Boat Cost + FOB Charges + CIF Charges + 10% GST + 5% Duty + Customs Fees + Forwarding.

FOB? - trucking, cranage, customs liason (departure)

CIF? - shipping cost

Forwarding? - trucking, cranage, customs liason (arrival)