Cost and Freight

Cost and Freight

Cost and Freight (CFR) is an Incoterm clearly defined in International Chamber of Commerce's publication 560 "Incoterms 2000." It must always indicate the port of destination, ie "CFR Shanghai".

It means that the seller pays for transportation to the Port of Destination and includes the initial cost of the goods EXW plus all costs to get the goods on board the carrying vessel. The buyer pays for the insurance and transportation of the goods from the Port of Destination to his factory. The risk of loss shifts from the seller to the buyer at the ship's rail in the port of loading. Therefore this term cannot be used for airfreight or land transport and also is inappropriate for most containerised sea shipments - the term CPT is the appropriate one for these.


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  • cost and freight — adj: including the cost of goods being shipped and the freight charges Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cost and freight …   Law dictionary

  • Cost And Freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • Cost and freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • cost and freight — 〈[kɔ̣st ənd frɛıt]〉 = cf * * * cost and freight   [ kɔst ænd freɪt; englisch »Kosten und Fracht«], eine der Handelsklauseln und der Incoterms. * * * cost and freight [ kɔst ənd freit; engl. = Kosten und Fracht]: Klausel im Überseehandel, nach der …   Universal-Lexikon

  • cost and freight — [ kɔst ənd freit] <engl. ; »Kosten u. Fracht«> Klausel im Überseehandel, nach der Fracht u. Versandkosten im Preis eingeschlossen sind; Abk.: cf …   Das große Fremdwörterbuch

  • Cost and Freight — ( CFR) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. This should be used with ocean shipments only, as the point where risk and responsibility pass from seller to buyer is the… …   Financial and business terms

  • cost and freight — noun Meaning the seller pays for transportation to the port of loading, cost and freight, and the buyer pays for the insurance and the rest of the transportation Syn: CIF, cif …   Wiktionary

  • Cost and Freight — Pour les articles homonymes, voir CFR. Cost and Freight (CFR) est un Incoterm qui signifie que le vendeur paye le transport jusqu au port d embarquement, ainsi que le chargement et le transport maritime. L acheteur paye l assurance et le… …   Wikipédia en Français

  • Cost and Freight — Области действия терминов Инкотермс. CFR (англ. Cost and Freight стоимость и фрахт) термин Инкотермс. Условия поставки C …   Википедия

  • cost and freight — C F, selling price includes all costs and freight, seller bears the transportation charges to the port of shipment and loading and freight (the buyer bears the cost of the insurance and transportation of goods from the port of destination to… …   English contemporary dictionary

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