Cost and freight

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.

See also

• COD
• Cost
• CIF
• Documentary collection
• DPU
• Freight
• ICC Incoterms 2020
• Incoterms
• Transport documents
• Twenty-Foot Equivalent Unit
• UCC