CFR – Cost and Freight (Incoterms 2000)

July 29th, 2007 by admin Leave a reply »

In the case of CFR, or Cost and Freight, the seller relinquishes title to the buyer as soon as the goods are loaded onto the ship in the port of origination.  The seller pays the costs of transporting the goods to the named port of destination, but the risk of loss or damage to the goods is transferred to the buyer at the change of title.  The CFR term requires the seller to clear the goods for export.

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