Home > Jargon Explained > Incoterms > CFR – Cost and Freight
- A named port of destination must be specified
- Seller hands over the risk for the consignment when it passes over the ship’s rail at the port of shipment
- Seller must pay freight and other charges to named port of destination
- All additional costs and risks are the responsibility of the Buyer
Under CFR the main freight charges are paid by the seller
