CFR

What is CFR Shipping and Who Pays For What? CFR, standing for Cost and Freight, is an Incoterm widely used in international trade. It clearly defines the responsibilities and costs borne by the seller and the buyer in a transaction. Under CFR terms, the seller is responsible for delivering the goods to the named port…

Why CFR looks simple but causes costly confusion. CFR is one of those trade terms that feels easy on the surface. The seller arranges and pays for the ocean freight to the named port, so many buyers assume the seller carries most of the transport risk until the cargo arrives. That assumption is where trouble…