carriage and freight

carriage and freight
carriage and freight UK US noun [U] (ABBREVIATION CFR)
COMMERCE, TRANSPORT, INSURANCE COST AND FREIGHT(Cf. ↑cost and freight)

Financial and business terms. 2012.

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  • carriage and insurance paid — ➔ Incoterm * * * carriage and insurance paid UK US adjective, adverb (also freight and insurance paid, ABBREVIATION CIP) ► COMMERCE, TRANSPORT, INSURANCE used to show that the company or person sending goods has …   Financial and business terms

  • Cost and Freight — ( CFR) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. This should be used with ocean shipments only, as the point where risk and responsibility pass from seller to buyer is the… …   Financial and business terms

  • Carriage and Insurance Paid to — noun Meaning the seller pays for the freight to the named destination and the insurance during the transportation …   Wiktionary

  • Carriage and Insurance Paid To — ( CIP) Seller is responsible for the payment of freight to carry goods to a named overseas destination. The seller is also responsible for providing cargo insurance at minimum coverage against the buyer s risk of loss or damage to the goods… …   Financial and business terms

  • cost, insurance, and freight — A mercantile term, abbreviated c. i. f. or c. a. f. which, when used in connection with a contract for the sale of goods, indicates that the price quoted to the purchaser includes the cost of the goods, the cost of insurance thereon, and freight… …   Ballentine's law dictionary

  • freight — A transportation term meaning either goods being transported, and/or charges incurred for such transport. Bloomberg Financial Dictionary * * * ▪ I. freight freight 1 [freɪt] noun [uncountable] 1. TRANSPORT goods carried in large quantities by… …   Financial and business terms

  • Carriage Paid To — (CPT) is an Incoterm. It can be used for all modes of transport including multimodal transport. The seller pays for the freight to the named point of destination. The buyer pays for the insurance. The passing of risk occurs when the goods have… …   Wikipedia

  • freight and insurance paid — ˌfreight and inˌsurance ˈpaid noun [uncountable] another name for carriage and insurance paid * * * freight and insurance paid UK US adverb TRANSPORT, INSURANCE ► CARRIAGE AND INSURANCE PAID(Cf. ↑carriage and insurance paid) …   Financial and business terms

  • carriage — car‧riage [ˈkærɪdʒ] noun [uncountable] 1. COMMERCE TRANSPORT when goods are moved by vehicle from one place to another; = FREIGHT: • The receipts for carriage of timber have formed an important proportion of revenue. 2 …   Financial and business terms

  • Cost and Freight - CFR — A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine …   Investment dictionary

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