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


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 and that it must deliver the goods to its carrier 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.
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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.
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Cost and Freight means that the seller must pay all the costs and freight necessary to bring the goods to the named port of destination.
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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 associated risk and potential costs during transit are transferred to the buyer once the goods (e.g. passion fruit juice) are loaded onto the vessel. http://www.worldclassshipping.com/incoterm_cfr.html
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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
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Cost and Freight means that the seller must pay the costs and freight necessary to 50
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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
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