What does Cost and Freight (CFR) mean?
Cost and Freight (CFR) is defined as: “The seller delivers the goods when they pass the ship’s rail in the port of shipment and must pay the costs and freight necessary to bring the goods to the named port of destination. The buyer bears all additional costs and risks after the goods have been delivered, over the ship’s rail at the port of shipment (maritime and inland waterway transport only).
