In CFR the seller delivers when the goods are on board and cleared for export. The seller pays for freight to transport the goods until the final port of destination. However, the risk transfer occurs when goods are on board. This term is used in ocean and inland waterway transportation.

Cost and Freight (CFR) Use of this rule is restricted to goods transported by sea or inland waterway. In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. bulk cargos or non-containerised goods. For containerised goods, consider ‘Carriage Paid To CPT’ instead.

6 天之前 · In the Incoterms® 2020 rules, as in previous versions, Cost and Freight (CFR) requires the seller to place the goods on board the vessel contracted by themselves. From that point on risk of loss or damage to the goods transfers to the buyer.

2022年9月30日 · Cost and freight (CFR), an Incoterms rule that’s applicable only to cargo transported by sea or inland waterways, puts a fair bit of responsibility on the shoulders of both the buyer and the...

The CFR Incoterm or “Cost and Freight” is an Incoterm that is exclusive to ocean freight shipping. It states that the seller is not only responsible for delivering the goods to the port specified by the buyer, but also bears the transportation costs of the goods to the destination port.

2020年9月15日 · Discover the meaning and application of the Cost and Freight (CFR) Incoterm, including its advantages and disadvantages for buyers and sellers.

CFR Incoterms, or Cost and Freight, is one of the 11 Incoterms (International Commercial Terms) defined by the International Chamber of Commerce (ICC). These Incoterms are standardized rules that outline the responsibilities of buyers and sellers in international transactions.

What Does CFR Meaning? CFR (Cost and Freight) is an Incoterm that indicates that the seller is responsible for delivering goods to the port of destination and paying for the freight charges. However, the risk transfers to the buyer once the goods are loaded onto the vessel at …

CFR stands for Cost and Freight, which is an Incoterm that describes the responsibilities of the seller and buyer when shipping goods internationally. Under CFR, the seller is responsible for covering the costs and arranging the transportation of goods to the destination port.