Q:

In shipping, what does the term "CNF" mean?

A:

Quick Answer

The acronym "CNF" stands for "Cost and Freight." The term refers to a common type of shipping agreement where the seller pays for delivering the item to the port closest to the buyer.

Know More
In shipping, what does the term "CNF" mean?
Credit: Neil Kremer Moment Getty Images

Full Answer

CFN shipping does not include the cost of insurance. The buyer must pay for insuring the item from the point of origin to the final destination. The buyer also must pay various other fees, such as customs fees and any storage fees. Another common type of shipping agreement, known as CIF, is similar to CNF but requires the seller to purchase insurance for shipping the item to the port of destination.


Is this answer helpful?

Similar Questions

  • Q:

    What does the shipping term "BAF" mean?

    A:

    The shipping term "BAF" means "bunker adjustment factor." This is an adjustment to shipping companies' freight rates to take into account fluctuations in the cost of fuel for their ships or freighters.

    Full Answer >
    Filed Under:
  • Q:

    What does "CIF" stand for in shipping?

    A:

    CIF stands for "cost, insurance and freight" in shipping. This is a trade term meaning that the seller must arrange for the carrying of goods by sea to a destination port as well as provide the buyer with any necessary documents to receive the goods from the carrier.

    Full Answer >
    Filed Under:
  • Q:

    How do you figure shipping and handling?

    A:

    To figure shipping and handling costs, divide the total monthly warehousing costs for inventory by the number of items shipped, and then add the actual shipping price payable to the shipper used. Look up actual shipping costs using the shipping rate cost sheets released by the various shippers. The cost of shipping is largely dependent on distance shipped and weight of package.

    Full Answer >
    Filed Under:
  • Q:

    What is drop shipping?

    A:

    Drop-shipping is a fulfillment method in which a retailer does not physically stock the items offered for sale. Instead, the retailer purchases items from a third party after they have been sold and has the third party ship them to the customer.

    Full Answer >
    Filed Under:

Explore