// definition
CFR
Cost and Freight
Short definition
A maritime Incoterm under which the seller pays freight to the named destination port. Risk transfers to the buyer when the goods are placed on board at the port of shipment. CFR imposes no insurance obligation on the seller and does not automatically cover delivery to a plant.
risk atlas
Knowledge map
Related analyses
- Iron ore: the price of waitingA port-delivered benchmark and the distinction between freight, sale and payment.