Cost and freight: Difference between revisions
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imported>Doug Williamson (Create page. Source: AIT Worldwide.com webpage https://www.aitworldwide.com/incoterms-cfr) |
imported>Doug Williamson (Classify page.) |
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* [[Transport documents]] | * [[Transport documents]] | ||
* [[UCC]] | * [[UCC]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Trade_finance]] | |||
Revision as of 21:00, 10 March 2021
Incoterms.
(CFR).
Under CFR terms, the seller is required to clear the goods for export, deliver them onboard the ship at the port of departure, and pay for transport of the goods to the named port of destination.
The risk passes from seller to buyer when the seller delivers the goods onboard the ship.
