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  2. The CFR Incoterm or “Cost and Freight” is an Incoterm that is exclusive to ocean freight shipping. It states that the seller is not only responsible for delivering the goods to the port specified by the buyer, but also bears the transportation costs of the goods to the destination port.

  3. Aug 8, 2024 · Cost and Freight (CFR) is an Incoterm specifically designed for sea or inland waterway transport. Under this arrangement, the seller is responsible for all expenses associated with delivering the goods to the designated port of destination, including transportation costs and loading charges.

  4. Sep 16, 2024 · The Cost and Freight (CFR) Incoterm is specifically designed for sea or inland waterway transport. Under a CFR agreement, sellers must cover the costs of transporting goods to the designated destination port, including freight expenses and loading charges.

  5. Jun 29, 2020 · CFR stands for “Cost and Freight,” and it’s one of the four Incoterms® rules that can only be used for waterbound transportation, whether it’s by sea or by a waterway that’s inland.

  6. Sep 30, 2022 · Cost and freight (CFR) is a legal term used in foreign trade contracts. In a contract specifying that a sale is cost and freight, the seller is required to arrange for the carriage of goods...

  7. Jun 8, 2023 · What is Cost and Freight (CFR) Shipping Incoterm? CFR Incoterms explained in English. Understand obligations of both buyer and seller and recommended freight type. Learn more about incoterms at Freightos.com.

  8. What is CFR in shipping? Under CFR terms (short for “Cost and Freight”), the seller is required to clear the goods for export, deliver them onboard the ship at the port of departure, and pay for transport of the goods to the named port of destination.

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