Go to Statistics Portal

CIF PRICE

Statistics Directorate    
French Equivalent: Prix c.a.f.

Definition:
The c.i.f. price (i.e. cost, insurance and freight price) is the price of a good delivered at the frontier of the importing country, including any insurance and freight charges incurred to that point, or the price of a service delivered to a resident, before the payment of any import duties or other taxes on imports or trade and transport margins within the country.

Context:
In the System of National Accounts (SNA) 1993 this concept is applied only to detailed imports (see SNA, 1993, 15.35 [14.40])

One major type of price index available to derive volume measures in the national accounts is the import price indices (MPIs), which may measures FOB or CIF prices. (see SNA, 2008, 15.108).

Source Publication:
International Merchandise Trade Statistics, Concepts and Definitions, United Nations, New York, 1998, Studies in Methods, Series M, No. 52, Rev. 2, page 35, para. 7
System of National Accounts (SNA), 2008, 15.108.

Cross References:
Fob price

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, April 08, 2013