All terms

CFR

Cost and Freight — seller pays cost and freight to the discharge port; risk passes at load port.

CFR (Cost and Freight) under Incoterms 2020: the seller pays for cost and freight to the named discharge port. Risk passes at the load port — the buyer bears cargo risk in transit. The seller does not pay marine insurance; that's the buyer's call (or use CIF).

Related: FOB, CIF, Incoterms.

What does CFR mean in oil and commodity trading?
Cost and Freight — seller pays cost and freight to the discharge port; risk passes at load port.
How do I check a counterparty that uses CFR in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.

These terms show up in real deal pitches — some legitimate, some not. The free check screens the counterparty behind the pitch against OilFlow's first-party-investigated fraud-cluster corpus in seconds. It queries no sanctions list.

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A written read within three business days: the broker-scam cluster corpus, a cached US sanctions pre-screen and the 235-jurisdiction tradability matrix. Not the full eight-list screen, and PEP is not screened. No account, nothing to buy.