Daily Point 2115 - CFR – Cost and Freight

 

The Banking Tutor

                            Daily Point 2115

CFR – Cost and Freight

 

This is one of the Incoterms . The seller pays for the carriage of the goods up to the named port of destination. Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export.

 

The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named port. The shipper is not responsible for delivery to the final destination from the port (generally the buyer's facilities), or for buying insurance.

 

 

 

Sekhar Pariti

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