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Cost and Freight (CFR)

What is Cost and Freight?

Cost and Freight means the seller organises and pays the freight to a specified port and provides necessary documents for obtaining the goods to the buyer.

The responsibility of the seller is completed when the goods have been fully loaded on a vessel and are cleared for export. Once the goods have been loaded on board, the costs and risks are transferred to the buyer.

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8. July 2024 / Reading time: ~ 4 Min.