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Customs Glossary/CFR – Cost and Freight

CFR – Cost and Freight

Transport & logistics

PL: CFR – Cost and Freight | DE: CFR – Kosten und Fracht

Definition

CFR (Cost and Freight) is an Incoterms rule for sea transport where the seller covers costs of delivering goods to the destination port (sea freight), but risk of loss or damage passes to the buyer when goods are loaded onto the vessel. The buyer bears insurance and import clearance costs. CFR is similar to CIF but without insurance.

Related Terms

CFR – Cost and Freight — Customs Glossary | Celna24.com | Celna24.com