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C&F, CIF
- Jun 26, 2018 -

In addition to FOB, the most common terms are C&F, CIF when we do machine knife exporting business.

 

C&F: is the abbreviation of "Cost and Freight", its meaning in Chinese is "Cost and Freight" use of the term, the seller is responsible for the usual terms and conditions charter booking and pay the Freight to the port of destination, the port of shipment and time of shipment as stipulated in the contract and the goods have been loaded promptly notify the buyer.

 

CIF: it is the abbreviation for "Cost Insurance and Freight". Its Chinese meaning is "Cost plus Insurance, Freight" |. Use of the term, the seller is responsible for according to the conditions usually rent a boat booking and pay the freight to the port of destination, in the port of shipment stipulated in the contract and shipment within the time limit and is responsible for the goods have been loaded for cargo transportation insurance, pay insurance premium.

 

If you want to know more about trade terms when you decide to buy machine knife, please contact us freely.