Cost, Insurance, and Freight (CIF) is a shipping term used in international trade. It indicates that the seller is responsible for the costs of transporting goods, including the price of the goods, insurance, and freight charges to the destination port. This means the seller must cover these expenses until the goods reach the specified location. Under CIF terms, the buyer assumes responsibility for the goods once they arrive at the destination port. This arrangement helps clarify the obligations of both parties in a transaction, ensuring that the seller manages the logistics and insurance during transit while the buyer takes over upon arrival.