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Cost and Freight CFR

Terms for sea and inland waterways

Cost and Freight CFR named port of destination Incoterms® 2010 - This rule is intended for use only when carriage is by sea or inland waterway.

As with CPT, CIP and CIF, the seller delivers goods on board a vessel at the port of shipment or procures goods already so delivered aboard, and risk passes at the named port of destination but without unloading.

The seller is responsible for all costs and freight required to bring goods to the named port of destination. He clears goods for export if applicable, but has no responsibility for import procedures or charges. He also pays for preshipment inspection if this is required by the country of export. (read more)