CFR, orcostandfreightmeansthat a quotedpriceincludesthecostofgoodsandtransport.
Chargestothedestination.
Port C I.
F orcostinsuranceandfreightmeansthat a quotedpriceincludesthecostofgoods, insuranceandtransportationtothedestinationport.
Theselleragreedtopay a costandfreight, sothebuyerhadtobuyinsuranceforthegoods.
BondedWarehouseBondedWarehouse A bondedwarehouseis a placewheregoodsarestoredaftershipping, butbeforethepaymentofdutiesonthosegoodsatanymajorportfacility, therewillbe a numberofbondedwarehousesavailabletostoregoods.
Customsdutycustomsistheauthorityororganizationthatcontrolstheflowofgoodsinandoutof a country.
Customsauthoritiescollectthedutiesortaxesappliedtoimportsandexportswithin a port.
Customsofficialshavetherighttoboardandsearchanyship, customsbroker, customsbroker, a customsbrokeris a personorbusinessthathelpsimportersandexportersmovetheirgoodsthroughcustoms, customsbrokersprepareddocuments, helpwithcommunicationandarrangepaymentofduties.