What is the meaning of Cost and Freight?
Cost and Freight is a legal term used in international trade and it refers to the charges which the seller has to incur for bringing the goods to the decided destination port. Cost stands for the actual cost of goods while freight stands for all other charges which are related to transportation of goods. In addition, the seller has to procure marine insurance against the risk of the buyer to any loss of goods during transit. It is always stated as C&F port of import as the norm states that the geographic location of the port of importation has to be stated.
Topics: International Trade