Shipping & logisticscfr
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).
Frequently asked
- 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.
See also
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