INCOTERMS 2010

<CFR>

 

This rule is to be used only for sea or Inland waterway transport.

 

"Cost and Freight" means that the seller delivers the goods on board the vessel or procures the goods already so delivered.

 

The risk of loss of damage to the goods passes when the goods are on board the vessel.

 

The seller must contract for and pay the cost and freight necessary to bring the goods to the named port of destination.

 

When CPT, CIP, CFR or CIF are used, the seller fulfills its obligation to deliver when it hands the goods over to the carrier in the manner specified in the chosen rule and not when the goods reach the place of destination.