Sales Terms

C&F (CNF or CFR): “Cost and Freight”:

Seller is responsible for paying for ocean freight and costs up to discharge at destination port, but not the cost of insurance.

CIF: Cost, Insurance, Freight”:

Seller is responsible for paying ocean freight, insurance, and costs up to discharge at destination port.

FOB: “Free On Board”:

Seller is responsible for all expenses up to and including cargo loading on the vessel; buyer is responsible for paying the freight rate.