The Incoterm CFR stands for ‘Cost and Freight’ – meaning ‘costs and freight to the port of destination’. CFR is a shipping clause that can only be used in sea or inland waterway transport. This Incoterm is one of the dispatch clauses whereby the seller bears the costs of the main transport.
With CFR, in addition to delivery at the port of shipment, the seller must also conclude the sea freight contract and bear the freight costs to the port of destination. The sea freight carrier is therefore the seller's freight contract partner.
- The buyer bears all transport risks associated with sea travel. The goods are not insured by the seller.
- Please note that when calculating the statistical value, all transport costs incurred after leaving the EU external border must be deducted from the value of the goods.
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