Cost and Freight definition

Cost and Freight means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.

Cost and Freight means that the seller must pay the costs and freight necessary to bring the goods to the named port of destination but the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship's rail in the port of shipment.

Cost and Freight means that the seller delivers when the goods pass the ship’s rail in the port of shipment.

Examples of Cost and Freight in a sentence

• FOB – Free on board.6. C & F – Cost and Freight, named port of destination.7. CIF – Cost, Insurance, Freight.8. Freight or Carriage Paid to – named port of destination.

• Import Only – Cover for pre-shipment – Additional Benefit Where the Goods are purchased by You on Free On Board (FOB) or Cost and Freight (CFR) terms or similar, this Policy will nonetheless attach from the collection point in accordance with the Coverage Period as set out in clause 3.6. If Loss occurs that is payable under this clause, You undertake to first make reasonable attempts to seek recovery from the exporter, supplier or seller before claiming under this Policy.

• CFR – Cost and Freight, Named ocean port of destination.This term is used for ocean shipments that are not containerised.6. CIF – Cost, Insurance and Freight, named ocean port of destination.

• Rules for sea and inland waterways only – Includes the terms FAS (Free Alongside Ship), FOB (Free on Board), CFR (Cost and Freight), and CIF (Cost Insurance and Freight)This guide is designed to provide a convenient reference for buyers and sellers risks and costs as detailed under each Incoterm.

• CFR (Cost and Freight) Step 3After getting the order, the forwarding company communicates to their overseas office and makes necessary arrangements.

More Definitions of Cost and Freight

Cost and Freight means that the seller must contract for carriage from the agreed port of shipment (if any such port is agreed between the parties) to the named port of destination. It must deliver the goods to its vessel operator in that port of shipment by placing them on board the vessel (or by procuring goods so delivered). Unless the seller and buyer have agreed on a specific port of departure (‘ship from’) where the goods are to be delivered, the seller may choose the port of delivery/shipment that best suits its purpose.

Cost and Freight means that the seller delivers the goods to the buyer on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods transfers when the goods are on board the vessel, such as the seller is taken to have performed its obligation to deliver the goods whether or not the goods actually arrive at their destination in sound condition, in the stated quantity or, indeed, at all. In CFR, the seller owes no obligation to the buyer to purchase insurance cover: the buyer would be well-advised therefore to purchase some cover for itself.

Cost and Freight means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the

Cost and Freight means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must on his own risk contract for the carriage of the goods to the port of destination named in the sale contract and pay the freight. This being a shipment contract, the point of delivery is fixed to the ship’s rail and the risk of loss or damage to the goods is transferred from the seller to the buyer at the very point. As will be seen though the seller bears the cost of carriage to the named destination, the risk is already transferred to the buyer at the port of shipment itself.

Cost and Freight means the shipper pays the costs and freight to the port of debarkation. At the CFR, the shipper will also bear of all the costs of export formalities. Risks of goods are transferred to the owner of the goods when the goods have boarded the ship.

Cost and Freight means that the seller delivers the goods on board the vessel. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller is responsible for origin costs including export clearance and freight costs for carriage to the named port. The seller is not responsible for delivery to the final destination from the port (generally the buyer's facilities), or for buying insurance. If the buyer does require the seller to obtain insurance, the I CIF should be considered. CFR should only be used for non- containerized sea freight. For all other modes of transport CPT should be used

Cost and Freight means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer. The CFR term requires the seller to clear the goods for export. This term can be used only for sea and inland waterway transport. If the parties do not intend to deliver the goods across the ship’s rail, the CPT term should be used. CIF COST, INSURANCE AND FREIGHT