Cost and Freight (CFR)

Definition: Cost and Freight (indicating the agreed port of embarkation)

Type of Transport: maritime

Obligations of the Seller:

• Contract the ship; pay the freight and the loading operations until the port of destination.
• Make the export formalities for the goods.

Obligations of the Buyer:

• Bear any additional expense and risk of loss or deterioration, claims and follow-up from the moment the goods cross the ship’s rail in the port of embarkation.