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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).

Related: FOB, CIF, Incoterms.

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 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

fobcifincoterms

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.