Cost of Goods and Insurance (C&I)

cost of goods and insurance” refers to the combined value of the goods being shipped and the cost of insuring those goods against damage or loss during transport. 

The cost of goods refers to the total value of the products or materials being shipped. This value may be based on the wholesale or retail price of the goods, depending on the terms of the sales contract between the buyer and seller. 

The cost of insurance, on the other hand, is the amount paid by the shipper to insure the goods against damage or loss during transportation. The cost of insurance will depend on a variety of factors, including the value and nature of the goods being shipped, the mode of transportation used, and the level of coverage required.