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LandedCost
Import glossary

CIF (Cost, Insurance and Freight)

Quick answer

CIF means the seller pays cost, insurance and freight to the destination port; the buyer then covers import duty, VAT, clearance and onward delivery.

Last reviewed 16 July 2026.

CIF (Cost, Insurance and Freight) is a sea-freight Incoterm under which the seller arranges and pays for ocean freight and a minimum level of marine insurance to the named destination port. The buyer takes over once the goods arrive, handling import clearance, duty, VAT and inland transport.

Under CIF the supplier's price already bundles the main freight and insurance, so the headline number is higher than an equivalent FOB quote — but it is closer to a delivered-to-port cost. Note that risk still passes to the buyer when the goods are loaded at origin, even though the seller pays the freight; the insurance the seller buys is the mechanism that covers you in between.

CIF is convenient for buyers who would rather not arrange ocean freight themselves, but it gives you less control over routing, carrier choice and the level of insurance cover.

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How it affects your landed cost

With CIF, freight and insurance to the UK port are already in the supplier's price, so your remaining landed-cost additions are UK duty, import VAT, clearance and inland delivery. Importantly, UK customs value is normally based on the CIF value, so import duty is charged on that goods-plus-freight-plus-insurance figure — and import VAT is then charged on a wider base still: the customs value plus that duty plus any UK-side incidental costs. Our calculator accounts for both when it works out your per-unit cost.

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CIF (Cost, Insurance and Freight) — FAQ

Is duty charged on the CIF value in the UK?
Yes — UK customs value is generally based on the CIF price, so import duty is calculated on the goods value plus freight and insurance to the port of entry, not on the goods value alone. Import VAT is then charged on a wider base again: that customs value plus the duty itself plus incidental costs to the goods' first destination in the UK.

Related terms

See also

CIF (Cost, Insurance and Freight)

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