Freight has a number of different definitions. It can be known as the amount of money paid to a shipowner or shipping line for the carriage of cargo. Depending on the type of contract, the particualr terms and, in some cases, the custom of the ports involved, the freight may include the cost of loading [...]
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CIF
By admin on August 28th 2010 - No Comment
Cost, Insurance and Freight ……..(to named port of destination) Incoterms 2010. means that the seller must pay the costs and freight charges necessary to bring the goods to the named port of destination but with the addition that he has to procure marine insurance against the buyer’s risk of loss or damage to the goods [...]
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