CFR or CNF does it include rental of container??
Post 1 of 8
Hi,
I understand the term CFR or CNF mean seller pay for the freight and cost to the destinated port. But i wish to know if the freight and cost paid by seller INCLUDE "rental of container" to ship the goods? Please advise.
Thanks
![[em4]](http://img.alibaba.com/images/eng/style/icon/emoticons_sad.gif)
I understand the term CFR or CNF mean seller pay for the freight and cost to the destinated port. But i wish to know if the freight and cost paid by seller INCLUDE "rental of container" to ship the goods? Please advise.
Thanks
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01 Nov 2006 21:13
Post 2 of 8
Replying to [clovey]: Yes it's all included in the freight..
Thats why if goods reach destination and notify party don't release the goods on time he has to pay the damrage charges.. (whcih is container rental cost and storing charges in warehouse)![[em20]](http://img.alibaba.com/images/eng/style/icon/emoticons_victory.gif)
Thats why if goods reach destination and notify party don't release the goods on time he has to pay the damrage charges.. (whcih is container rental cost and storing charges in warehouse)
01 Nov 2006 22:27
Post 3 of 8
Replying to [clovey]:
the term CFR or CNF actually mean the "Cost" and "Freight" included in the price to be invoiced..
Once the shipper (Exporter) accept this terms, then this means the shipper has to deliver the goods to the buyer with freight pre-paid by the shipper at his port of shipment... Actually rental of container is already included in the sea-freight rate quoted by the sea ship company thru whom the goods been arranged to be shipped by the Exporter.. From this it is clear CFR or CNF includes the rental of container... Hope now it is clear.
the term CFR or CNF actually mean the "Cost" and "Freight" included in the price to be invoiced..
Once the shipper (Exporter) accept this terms, then this means the shipper has to deliver the goods to the buyer with freight pre-paid by the shipper at his port of shipment... Actually rental of container is already included in the sea-freight rate quoted by the sea ship company thru whom the goods been arranged to be shipped by the Exporter.. From this it is clear CFR or CNF includes the rental of container... Hope now it is clear.
01 Nov 2006 22:35
Post 4 of 8
Replying to [clovey]: Hi,
CFR {+ the named port of destination}
Cost and Freight(Rental of Container)
The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.
Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight (C&F) is still commonly used in the air freight.
CFR {+ the named port of destination}
Cost and Freight(Rental of Container)
The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.
Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight (C&F) is still commonly used in the air freight.
03 Nov 2006 20:43
Post 5 of 8
Replying to [clovey]:it include all the charges which you pay before sendng the shipments
10 Nov 2006 03:32
Post 6 of 8
Replying to [clovey]:
This is real problem faced by me in my shipments from China.
I cant understand when i have C&F prices at destined port why the agents of container company take charge on it.
![[em9]](http://img.alibaba.com/images/eng/style/icon/emoticons_dizzy.gif)
This is real problem faced by me in my shipments from China.
I cant understand when i have C&F prices at destined port why the agents of container company take charge on it.
11 Nov 2006 08:37
Post 7 of 8
Replying to [clovey]:This includes all cost to get the goods to the agreed port including rental, insurance, transportation if required, loading it on the ship etc.
15 Nov 2006 13:26
Post 8 of 8
Replying to [clovey]:
Hallo Richie Rodney ,
a short correction, if you include Insurance the Inco Term is CIF, means Cost Insurance Freight !
rgds
Wilhelm
Hallo Richie Rodney ,
a short correction, if you include Insurance the Inco Term is CIF, means Cost Insurance Freight !
rgds
Wilhelm
15 Nov 2006 21:55
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