|Free Carrier||Carriage Paid To||Carriage Insurance Paid To||Delivered at Place||Delivered at Place Unloaded||Delivered Duty Paid||Free Alongside Ship||Free On Board||Cost & Freight||Cost, Insurance & Freight|
|At a named place, the seller transfers the goods to the buyer; the buyer is responsible for all risks.||1.) when seller loads goods to buyer’s carrier or 2.) when goods are at the buyer’s disposal & ready for unloading at a named placed||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when the goods are delivered and unloaded at a named place or agreed point within that place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when goods are alongside the vessel nominated by the buyer at named port||when goods are on board the vessel nominated by the buyer at named port||when the goods are on board the vessel nominated by the seller at origin||when the goods are on board the vessel nominated by the seller at origin|
|Packaging & QC||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Loading & Delivery||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Export Duty & Taxes||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Origin Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Seller||Seller||Seller|
|Destination Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Delivery to Destination||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Unloading at Destination||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer||Buyer|
|Import Duty & Taxes||Buyer||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer|
What does CFR mean in Incoterms?
It means cost and freight. According to this term, the seller should clear goods at customs for export, transport them to the departure port and then pay for the shipment of goods to the named port of destination.
Who is CFR suitable for?
It can be used by novice and professional importers and exporters. According to Cost & Freight, the buyer takes his own risks and responsibilities, but the seller has to take the risks of cargo until it arrives at the vessel.
What’s the difference between CFR and CIF?
Unlike CIF, insurance is optional in CFR.
Is CFR used for containerized cargo?
Cost & Freight incoterm is suitable for uncontained cargo.
How is CFR different from CPT?
In case you want to transport containerized cargo, you can use CPT instead of CFR.