An Incoterm meaning ‘cost and freight’ and relevant only for transport entirely by water. The supplier pays the costs and freight to bring the goods to the port of destination, and the risk is transferred to the buyer once the goods are loaded on to the vessel. See also Incoterms.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.