Cost, Insurance and Freight is the costs paid by a seller to cover a buyer’s goods against possible damage when being transported to the port of shipment. The seller bears all the risks and costs to the point where the goods are to be loaded on board a vessel for shipment.
The sellerÂ’s obligation to deliver the goods is fulfilled when all goods are with the buyerÂ’s named carrier at the departure port. Thereafter, the buyer bears the costs and risks of export.
Ready for the future of logistics?
© 2020 All rights reserved
Sign up here!
Sign up here!