Difference between revisions of "CFR"

Latest revision as of 01:34, 22 August 2020

Incoterm^® for Cost and Freight paid by Seller. Used for Water Transportation (sea or inland waterway) Shipping Modes.

Short Definition

"Cost and Freight means that the Seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The Seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination."

Copyright

Short definition per Incoterms^® 2010 edition

Hierarchy

ID	Name	Level	x
INCO	Incoterms	0	INCO
CFR	Cost and Freight (Destination Port)	1	CFR

Cost and Freight (Destination Port) Incoterms 01 1 INCO, Terms, International, Trade, Standard, Terms, Transfer, Ownership, Insurance, Risk, Supply Chain, Logistics, Transport Cost and Freight means that the Seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The Seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination

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