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Thursday , December 13 2018
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CFR : Cost and Freight

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CFR Incoterms – Cost and Freight (named port of destination)
Under this arrangement (previously known as C&F) the seller must pay the costs and freight to get the goods to their destination port, at which point delivery is achieved (but it is not the seller’s job to clear them through customs).

Actual risk passes to the buyer once the goods are loaded on the ship. Note that insurance for the goods is the responsibility of the buyer.

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