Cnf Agreement

If you see the three letters CNF together, in terms of shipping, the acronym means “Net Freight Cost.” It is a transit agreement through which the seller pays for the delivery of the item to the port closest to the buyer, but it does not include insurance costs. Therefore, the buyer must pay for the insurance from his place of origin to the final destination. If you see CIF, it`s like CNF, but the seller requires you to buy insurance to send the item to the destination port. You can add z.B. the “hard” rule to the agreement that makes the seller responsible not only for loading on board, but also for proper storage. The Incoterm for shipping mode should be included in a commercial contract or contract during the engagement process. In the event of a dispute, the contract can be consulted to determine which party is responsible and to find a solution. Therefore, any agreement should be carefully considered by both parties before approving the terms. Although the Incoterms were introduced as rules for international trade, they can also be used for national agreements. Something is not adding up when you read your blog, although I will explain, I search import and still all the information I need before I have my first order and your website was an invaluable tool. I negotiated with a factory that makes lighting. I have an FOB price for a first order of 5 units.

Each unit is individually packaged and per box measures 55x55x29cm and 4.5KGs. The total cost of this order is about $250. Total weight pillow cover is less than 60 KG and its going on 3 cartons. With your best knowledge and experience, what you propose to use the air/maritime service, because the size will not be too large or I only use the Express DHL/TNT service that picks up as AN AND deliver to my front door or the fear transport company via FOB FOB means that the fee for the port will be included, while EXW – no. ” Good morning. I`m a newcomer to this one and I want to know if you know by chance, or could you recommend a transportation company that delivers door-to-door in the Philippines. The merchandise is purchased by (from China) that I need to be delivered to my door in the Philippines. CNF is often the cheapest and most useful Incoterms contract, as the buyer is required to carry out only import procedures. You don`t need a carrier for such a small program. It`ll be more expensive and useless.

. If you feel that the provider is inserting you for a part of insurance, you get it elsewhere – in general, insurance for shipping is very advantageous and should not affect your final cost. The problem is that Chinese suppliers do not use this process properly or legally. Instead, they play the system and tell you that everything is fine. Don`t do that. I want to buy 200 Bajot tables in India and have a supplier. But he says he will send it to Southampton Docks. I don`t know anything about import tax or what to do, or whether I should do something about those goods in the country. Please note shipping, customs clearance fees, VAT, import duties and delivery to your address are NOT included in the FOB price. I`m also new to importing from China, and I wondered if you could help me 1) supplier will provide you with the port (sometimes they can offer multiple ports).

You can also specify the port you want, but it usually costs more. 2) Yes, the roommate must know the port to make you an offer. The most obvious mistake of CNF Incoterms lies in the lack of assurance. I`m sorry, but I have no experience importing food from non-EU countries, so I don`t know what kind of certificates/authorizations you need to import rice from Thailand.