CFR - Cost & Freight
"Cost and Freight" means that the
seller delivers when the goods pass the ship's rail
in the port of shipment. The seller must pay the
costs and freight necessary to bring the goods to
the named port of destination BUT the risk of loss
of or damage to the goods, as well as any additional
costs due to events occurring after the time of
delivery, are transferred from the seller to the
buyer.
The CFR term requires the seller to clear the goods
for export. This term can be used only for sea and
inland waterway transport. If the parties do not
intend to deliver the goods across the ship's rail,
the CPT term should be used.
Incoterms - ALL List