Bribery Act and Cost and freight: Difference between pages

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imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Create page. Source: AIT Worldwide.com webpage https://www.aitworldwide.com/incoterms-cfr)
 
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''UK''.
''Incoterms''.


The UK's Bribery Act, 2010.
(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 Bribery Act 2010 was introduced to update and strengthen UK laws against bribery, including foreign bribery.
The risk passes from seller to buyer when the seller delivers the goods onboard the ship.  
 
Among other aims, the Bribery Act is designed to address the requirements of the 1997 OECD anti-bribery Convention.




==See also==
==See also==
*[[FCPA]]
* [[COD]]
*[[OECD]]
* [[CIF]]
*[[SFO]]
* [[DPU]]
*[[United Kingdom]]
* [[ICC Incoterms 2020]]
* [[Incoterms]]
* [[Transport documents]]
* [[UCC]]

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.


See also