Cost and Freight definition
Examples of Cost and Freight in a sentence
GCC 10.1— In case of DDP (Delivered Duty Paid) the successful bidder shall provide the ordered goods with in One Hundred & Twenty (120) days after issuance of purchase order, while on CFR (Cost and Freight) basis, after establishment / opening of Letter of Credit (L.C).
The CFR - Cost and Freight Chennai Sea Port, price quoted by the Foreign Bidder shall also include the Agency commission.
For the Group’s iron ore sales not sold under Cost and Freight (CFR) Incoterms, the performance obligation is the delivery of the iron ore.
Coverage commences from the time the goods leave the supplier’s factory, warehouse, store or mill, notwithstanding the goods and/or interest may have been purchased Free on Board (F.O.B.), Free Alongside Ship (F.A.S.) or Cost and Freight (C&F), and the Assured subrogating their right of recourse against suppliers for any loss or damage that may occur prior to delivery at the point designated in the applicable F.O.B., F.A.S. or C&F terms.
As per the Cost and Freight (CFR) the fertilizer shall be supplied in 50 Kg (net.) bags at the time of discharging from the vessel and loading to the trucks of the Purchaser at Colombo Port.Part 2 CONDITIONS OF CONTRACTThe specifications and other conditions applicable to this contract shall be as follows and shall be mandatorily complied with; SPECIFIC CONDITIONS 1.