cost and freight
cost and freight. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must (1) clear the goods for export, (2) arrange for transportation by water, and (3) pay the costs of shipping to the port of destination. • When the goods are safely stowed on the receiving ship while docked, the seller’s delivery is complete; the risk of loss then passes to the buyer. This term is used only when goods are transported by sea or inland waterway. — Abbr. CF; CFR; C & F; CandF. Cf. COST, INSURANCE, AND FREIGHT ; FREE ON BOARD. [Cases: Sales 77(2), 202(5). C.J.S. Sales §§ 96–98.]
