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CFR

Cost and Freight

Group C · Main carriage paid · Sea & inland waterway only

The seller delivers on board the vessel at the port of shipment and must contract and pay for carriage to the named port of destination. Risk, however, transfers on board at origin.

Where risk transfers

On board the vessel at the port of shipment — not at the destination port.

Seller's cost & riskBuyer's cost & risk

Seller pays

  • Packaging
  • Export clearance
  • Loading
  • Ocean freight to named destination port

Buyer pays

  • Insurance
  • Discharge (unless in freight contract)
  • Import clearance and duties

Insurance

No obligation. The buyer bears transit risk despite not holding the freight contract.

Customs

Export clearance: Seller

Import clearance: Buyer

Use it when

Commodity trades on conventional vessels where the seller has strong freight rates.

Watch out

Two ports are named in a CFR contract — shipment and destination. Getting them mixed up rewrites the risk line.