What do PFI in terms of international trading mean?

PFI, or "Price, Freight, and Insurance," refers to an international trading term indicating that the seller is responsible for the cost of goods, transportation, and insurance until the goods reach the buyer's destination. This term ensures that the buyer is not liable for these expenses until the goods are delivered, providing a level of security in the transaction. PFI is often used in contracts to clarify responsibilities and risks associated with shipping goods internationally.