CAF in Trade Meaning
The CAF meaning in Trade terms is "Currency Adjustment Factor". There are 2 related meanings of the CAF Trade abbreviation.
CAF on Trade Full Forms
- Currency Adjustment Factor A freight surcharge or adjustment factor imposed by an international carrier to offset foreign currency fluctuations. In some cases an emergency currency adjustment factor (ECAF) may be applied when a charge or rate has been originally published in a currency that is experiencing sustained or rapid decline. The CAF is charged as a percentage of the freight.
- Cost and Freight Only applicable for sea and inland waterway transport. The seller pays for the carriage of the goods up to the named port of destination. Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export. The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named port. The shipper is not responsible for delivery to the final destination from the port (generally the buyer facilities), or for buying insurance. If the buyer does require the seller to obtain insurance, the Incoterm CIF should be considered. CFR should only be used for non containerized seafreight; for all other modes of transport it should be replaced with CPT.
Frequently Asked Questions (FAQ)
What does CAF stand for Trade?
CAF stands for Cost and Freight in Trade terms.
What is the shortened form of Cost and Freight in Trade?
The short form of "Cost and Freight" is CAF for Trade.
Citation
CAF in Trade. Acronym24.com. (2021, March 5). Retrieved November 22, 2024 from https://acronym24.com/caf-meaning-in-trade/
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