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[kevin oleary]
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Simple English definitions for legal terms
C.F.
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A quick definition of C.F.:
Term: C.F.
Definition: C.F. stands for Cost and Freight. This means that the seller is responsible for paying the cost of shipping the goods to the buyer's destination. The buyer is responsible for paying for the goods themselves.
A more thorough explanation:
C.F.
C.F. is an abbreviation for "Cost and Freight".
Cost and Freight (C.F.) is a term used in international trade where the seller is responsible for the cost of the goods and the freight charges to transport them to a specified destination. The buyer is responsible for any additional costs, such as customs fees and taxes, once the goods arrive at the destination.
An example of C.F. would be if a company in the United States purchased goods from a supplier in China. The supplier would be responsible for the cost of the goods and the freight charges to transport them to the port of destination in the United States. The buyer would be responsible for any additional costs, such as customs fees and taxes, once the goods arrive at the port.
Another example of C.F. would be if a company in Germany purchased goods from a supplier in Japan. The supplier would be responsible for the cost of the goods and the freight charges to transport them to the port of destination in Germany. The buyer would be responsible for any additional costs, such as customs fees and taxes, once the goods arrive at the port.