TransportationCFR
CFR (Cost and Freight)
Incoterm where the seller pays freight to the destination port but risk transfers to the buyer upon loading goods.
Incoterm where the seller pays freight to the destination port but risk transfers to the buyer upon loading goods.
Under CFR, the seller pays cost and freight to the destination port, but risk transfers to the buyer when goods are on board the vessel at origin. Insurance is the buyer's responsibility.
Incoterms
International rules published by the International Chamber of Commerce (ICC) defining buyer and seller responsibilities for transport and delivery of goods.
LogisticsCIF (Cost, Insurance and Freight)
An Incoterm indicating that the seller assumes the costs of ocean freight and insurance to the agreed destination port, although the risk of loss or damage transfers to the buyer upon shipment.
TransportationFOB (Free On Board)
Incoterm establishing that the seller delivers goods on board the vessel at the port of shipment, transferring risk and cost to the buyer.
LogisticsOcean Freight
The cost of transporting goods by sea from the port of origin to the port of destination, a fundamental component of customs value.