Import Export Specialist Interview Question:

What is CFR?

Submitted by: Muhammad

CFR is cost and freight. This is an Incoterm. Find more information about Incoterms at the Incoterms 2000 website. The seller clears the goods for export and meets the cost of carriage to the port in the destination country. But the buyer bears all risks after delivery, which occurs when goods pass over the ship's rail in the port of shipment. The buyer also bears any extra costs caused by events that happen after delivery.
Submitted by: Muhammad