Cost and Freight - CFR

Cost and Freight - CFR
A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine insurance against the risk of loss or damage to the goods during transit.

Contracts involving international transportation often contain abbreviated trade terms that describe matters such as the time and place of delivery, payment when the risk of loss shifts from the seller to the buyer, and who pays the costs of freight and insurance.

The most commonly known trade terms are Incoterms, which are published by the International Chamber of Commerce (ICC). These are often identical in form to domestic terms (such as the American Uniform Commercial Code), but have different meanings. As a result, parties to a contract must expressly indicate the governing law of their terms.

It's important to realize that because this is a legal term, its exact definition is much more complicated and differs by country. It is suggested that you contact an international trade lawyer before using any trade term.


Investment dictionary. . 2012.

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  • Cost And Freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • Cost and freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • Cost and Freight — (CFR) is an Incoterm clearly defined in International Chamber of Commerce s publication 560 Incoterms 2000. It must always indicate the port of destination, ie CFR Shanghai .It means that the seller pays for transportation to the Port of… …   Wikipedia

  • Cost and Freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • Cost and Freight — ( CFR) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. This should be used with ocean shipments only, as the point where risk and responsibility pass from seller to buyer is the… …   Financial and business terms

  • Cost and Freight — Области действия терминов Инкотермс. CFR (англ. Cost and Freight стоимость и фрахт) термин Инкотермс. Условия поставки C …   Википедия

  • Cost, Insurance and Freight — (CIF) is a common term in a sales contract that may be encountered in international trading when ocean transport is used. It must always indicate the port of destination, ie CIF Shanghai. When a price is quoted CIF, it means that the selling… …   Wikipedia

  • Cost, Insurance And Freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

  • Cost, Insurance and Freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

  • Cost, insurance and freight — CIF est un Incoterm qui signifie Cost, Insurance and Freight Incoterms 2000 EXW | FCA | FAS | FOB | CFR | CIF | DAF | DES | CPT | CIP | DEQ | DDU | DDP …   Wikipédia en Français

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