What is the finance, what are costs and costs?

The cost and cost of transport is a term used in the transport contracts to refer to contracts, where the seller is obliged to provide transportation and pay costs to the buyer's port. The seller does not provide insurance for the shipment, nor does the seller provide transport to the final destination, such as the buyer's warehouse. This term is shortened as CFR or CNF and is used in many laughs concerning the import agreements.

This term is an example of Incoterm. Incoterms are standardized terms and abbreviations received by the International Chamber. They were originally developed at the beginning of the 20th century and are regularly updated to reflect new development in the transport industry. By supporting standardized conditions, the International Chamber of Commerce hopes to avoid confusion and disputes with transport contracts, because all parties are familiar with Incoterms and therefore know what they agree to sign a contract.

If the contract stipulates that the seller will provide costs and transport alsoAlthough the port where the goods will be delivered. The seller is responsible for loading goods, safe transport to the port for transport and payment of all costs associated with the transfer of goods to the buyer's port. However, as soon as the goods exceed the ship's railway, the buyer is responsible for them. If the buyer wants insurance, he must be purchased separately because the seller does not provide it according to the conditions of the costs and the transport contract.

contracts that include costs and costs also include the obligation to generate the correct paperwork and documentation associated with sale. The seller is responsible for ensuring that the paperwork is in order so that the goods can be easily converted to the buyer. This includes all customs documentation and any other required paperwork. The detention of Paperwork is the responsibility of the seller, not the buyer, and the seller is responsible for remaining an overview of paper requirements to reduce the risk of the problem during sending.

Once the goods are deliveredThe target port on the basis of an agreement on costs and costs is further transport of the buyer's responsibility. Buyers can make a range of arrangements, including the transition to transport of rail or trucks or storage of goods in a port in the port. The seller is not liable for any damage incurred at this stage, unless the buyer cannot prove that the seller consciously provided insufficient packaging that led to damage during manipulation and transport.