CFR Incoterms 2020Cost and Freight

The seller pays freight to the destination port, but you carry the risk from origin.

Choose an Incoterm
CFR

Cost and Freight

Sea & inland waterway only
What it means for the buyer

The seller pays freight to the destination port, but you carry the risk from origin.

Supply chain & cost split

SellerBuyer
  1. 1Export packagingS
  2. 2Loading at originS
  3. 3Pre-carriageS
  4. 4Export clearanceS
  5. 5Origin terminal (THC)S
  6. 6Main carriageS
  7. 7InsuranceB
  8. 8Destination terminal (THC)B
  9. 9Import clearanceB
  10. 10Delivery & unloadingB
Seller paysBuyer paysRisk passes to buyerSeller's paid carriage ends here

Where the risk transfers

On board the vessel at the port of shipment — the seller pays freight to destination, but risk has already passed to the buyer.

Cost ≠ risk — read this

CFR is a C-term: the seller books and pays the main carriage all the way to destination, but the risk of loss or damage transfers to the buyer much earlier — at origin. If the cargo is damaged in transit, it is the buyer's loss even though the seller arranged the freight. Insure the journey accordingly.

Who pays for what

Supply-chain stageWho pays
Export packagingPacking and marking the goods for international transport.Seller
Loading at originLoading the goods onto the first vehicle at the seller's premises.Seller
Pre-carriageInland transport to the terminal or port of departure.Seller
Export clearanceExport customs formalities and duties in the origin country.Seller
Origin terminal (THC)Terminal handling charges at the port or terminal of departure.Seller
Main carriageThe main international leg — ocean freight or air / road carriage.Seller
InsuranceCargo insurance covering the main carriage.Buyer
Destination terminal (THC)Terminal handling charges at the arrival port or terminal.Buyer
Import clearanceImport customs clearance, duties and taxes at destination.Buyer
Delivery & unloadingOnward delivery to the final point and unloading.Buyer

Frequently asked questions

Who pays for the main freight under CFR?
Under CFR (Cost and Freight) the seller books and pays the main carriage to the agreed destination.
When does risk transfer under CFR?
On board the vessel at the port of shipment — the seller pays freight to destination, but risk has already passed to the buyer.
Is CFR suitable for air or container shipments?
No. CFR is written for sea and inland-waterway transport only. For containerised or air freight use FCA, CPT or CIP instead.
Shipping under CFR? Line up your fulfillment.

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Read the full Incoterms 2020 guide on the blog