In connection with a contract for the sale of goods, the term "C.I.F." means that the contract price includes:

Group of answer choices

The cost of the goods, freight, and insurance.

The cost of the goods, but exclusive of the cost of insurance and freight.

The cost of the goods plus the freight but exclusive of insurance costs.

The cost of the goods plus insurance, but exclusive of freight charges.

None of the above is correct.