Final answer:
Cost and freight (C&F) terms mean that the seller covers the cost of goods and freight, but not insurance, hence the statement is false. The buyer is responsible for insurance coverage.
Step-by-step explanation:
When sales terms are described as cost and freight (C&F), it implies that the seller is responsible for the cost of the goods and the freight charges to transport the goods to the designated location. However, it does not include the insurance costs. The statement is therefore false. In a C&F agreement, the buyer assumes responsibility for any loss or damage to the goods once they have been loaded onto the shipping vessel. This means that the buyer will have to arrange and pay for the insurance coverage separately if they want the goods insured during transit.