CFR, Cost and Freight

CFR, Cost and Freight (insert named port of destination) is an IncoTerm which is restricted to goods transported by sea or inland waterway (barge). The seller is bears the responsibility for the costs and risks when bringing the goods to the port of destination and is also obligated to clear the goods. When the goods pass the ship’s rail at the port of destination, the costs and risks shift from seller to buyer. Source International Chamber of Commerce (ICC)

Our content is not in any way legal advice or binding. The information provided by might not be the official legal or full definition. Also when pursuing a specific transaction you are encouraged to conduct your own due diligence and to consult legal counsel as appropriate.