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the price includes freight

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  • Freight derivative — Freight derivatives, which includes Forward Freight Agreement (FFA) and options based on these, are financial instruments for trading in future levels of freight rates, for dry bulk carriers and tankers. These instruments are settled against… …   Wikipedia

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  • cost insurance and freight — price of goods including transportation and insurance costs, cost of merchandise includes freight and insurance fees, seller bears the insurance and all transportation and various other charges to the point of debarkation for the vessel, CIF …   English contemporary dictionary

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  • 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

  • Cost, Insurance and Freight — (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie CIF Shanghai. When a price is quoted CIF, it means that the selling… …   Wikipedia

  • cost, freight and insurance — COMMERCE ➔ Incoterm * * * cost, freight and insurance UK US noun [U] (ABBREVIATION CFI) TRANSPORT, INSURANCE ► used as an incoterm to mean that the total price of goods sold includes the price of …   Financial and business terms

  • Netherlands, The — officially Kingdom of The Netherlands byname Holland Country, northwestern Europe. Area: 16,033 sq mi (41,526 sq km). Population (2002 est.): 16,142,000. Capital: Amsterdam; Seat of Government: The Hague. Most of the people are Dutch. Languages:… …   Universalium

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