What does Cost and Freight mean? Read on to discover the definition & meaning of the term Cost and Freight - to help you better understand the language used in insurance policies.
Cost and Freight
One of several standard terms of sale for exports and imports. C and F indicates that the buyer must obtain transit insurance on the newly purchased goods, since the price paid by the buyer includes the cost of goods and all freight charges but not insurance.
We hope the you have a better understanding of the meaning of Cost and Freight.