CFR – Cost and Freight
What does Cost and Freight mean?
Cost and Freight means the seller will deliver the goods on board the vessel or procure the goods already delivered in that way. When the goods are on board the ship, the risk of loss or damage to the goods passes to the buyer. The seller must enter into the carriage contract and bear the costs and freight necessary to carry the goods to the specified destination port.
These terms are related to Incoterms. Find out more: