Cost and Freight Guide, Meaning , Facts, Information and Description
Cost and Freight (CFR) is a Incoterm. It means that the seller pays for transportation to the port of shipment, loading and freight. The buyer pays for the insurance and transportation of the goods from the port of destination to his factory. The passing of risk occurs when the goods pass the ship's rail at the port of shipment.This is an Article on Cost and Freight. Page Contains Information, Facts Details or Explanation Guide About Cost and Freight