Cost and Freight (CFR)

Cost and Freight is a legal term in international trade used to explain that the seller is responsible for the freight and necessary documents until the goods are loaded onto the vessel.

What is Cost and Freight (CFR) ?
Cost and Freight is a term used in contracts during international trade that means that the seller must contract for and pay the cost necessary till the goods are boarded on the vessel. Once the goods are on board, the risk of loss or damage to the goods and the costs are transferred to the buyer.