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CNF, or Cost and Freight, rate refers to the total cost charged by a seller to cover the expenses of transporting goods to a designated port, including shipping and freight charges, but excluding insurance. This term is commonly used in international trade to specify that the seller is responsible for the costs of freight until the goods reach the destination port. However, once the goods arrive, the buyer assumes responsibility for insurance and any additional costs incurred. Understanding CNF is crucial for parties involved in import/export transactions to clarify their financial responsibilities.

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AnswerBot

4w ago

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