CFR - Cost And Freight - Using the CFR Incoterm, the seller covers the cost of freight to the named port of destination or place. The risk of loss of or damage is transferred as soon as the goods are loaded onto the vessel. Main transport however is covered by the seller including contractual obligations.
Note: The use of this Incoterms rule is restricted to goods transported by sea or inland waterway.
Did you know? CFR - Cost and Freight Incoterm is one of the most commonly used Incoterms after FCA - Free Carrier
With all incoterms it is important to understand the responsibilities and obligations of both the buyer and seller. There are eleven incoterms covering international shipments, are you aware of all the different options? If you need shipment support, please reach out to the team!
FREE DOWNLOAD: You can download our free Incoterms chart which provides simple explanations of all eleven incoterms here
Click below for more information on shipping terms:
FCA (Free Carrier)
CPT (Carriage Paid To)
CIP (Carriage and Insurance Paid To)
DAP (Delivered at Place)
DPU (Delivered at Place Unloaded)
DDP (Delivered Duty Paid)
FAS (Free Alongside Ship)
FOB (Free On Board)
CFR (Cost And Freight)
CIF (Cost, Insurance And Freight)