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Thursday, August 5, 2010

C&F

C&F=Cost and freight

Term of sale signifying that the price invoiced or quoted by a seller for a shipment does not include insurance charges, but includes all expenses up to a named port of destination. In comparison, carriage paid to (CPT) terms include all transport charges (but not insurance) up to a named place (usually the buyer's warehouse) of destination. See also cost, insurance, freight (CIF). 

Seller pay all expenses and take all responsibility for cargo until it reaches the port of destination. all charges incurred after the cargo is unloaded from ship are to be paid by the buyer, unless otherwise agreed. under cfr terms seller will arrange for the cargo customs clearance at port of loading.

 

 

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