INCOTERMS CFR
Release time：2024.05.27
The English name for this term is "Cost and Freight (... named port of destination)", which means "Cost and Freight (... named port of destination)". It means that the seller must pay the expenses and freight required to transport the goods to the designated destination port. However, after the goods are delivered to the deck of the ship, the risks, loss or damage to the goods, as well as additional expenses caused by accidents, are borne by the seller to the buyer after the goods are delivered to the deck of the ship. In addition, the seller is required to handle the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.
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