Legal Definitions - C & F

C & F

C & F stands for Cost and Freight. It is a term used in international trade to indicate that the seller is responsible for the cost of transporting goods to a specific destination. This includes the cost of loading the goods onto a ship, as well as the cost of shipping them to the destination port. The seller is also responsible for arranging for the necessary documentation and customs clearance.

An example of C & F would be if a company in the United States wanted to purchase goods from a supplier in China. The supplier would agree to sell the goods to the buyer on a C & F basis. This means that the supplier would be responsible for the cost of shipping the goods from China to the United States, as well as any other costs associated with getting the goods to the buyer's location.

Another example would be if a company in Europe wanted to purchase goods from a supplier in South America. The supplier would agree to sell the goods on a C & F basis, which would mean that the supplier would be responsible for the cost of shipping the goods from South America to Europe, as well as any other costs associated with getting the goods to the buyer's location.

These examples illustrate how C & F is used in international trade to indicate that the seller is responsible for the cost of transporting goods to a specific destination. This can be beneficial for buyers who want to avoid the hassle and expense of arranging for shipping and customs clearance themselves.