INCOTERMS 2010: ICC OFFICIAL RULES FOR THE INTERPRETATION OF TRADE TERMS
CFR Incoterms: Meaning & Explanation
The seller pays for the carriage of the goods up to the named port of destination. Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export. The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named port. The shipper is not responsible for delivery to the final destination from the port (generally the buyer's facilities), or for buying insurance. If the buyer does require the seller to obtain insurance, the Incoterm CIF should be considered. CFR should only be used for non-containerized seafreight and inland waterway transport; for all other modes of transport it should be replaced with CPT.
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller
Incoterms 2020
- EXW — Ex Works
- FCA — Free Carrier
- FAS — Free Alongside Ship
- FOB — Free on Board
- CFR — Cost and Freight
- CIF — Cost, Insurance and Freight
- CIP — Carriage and Insurance Paid Тo
- DAP — Delivered at Place
- DPU — Delivered Named Place Unloaded
- DDP — Delivered Duty Paid
Incoterms 2010
- CFR — Cost and Freight
- CIF — Cost, Insurance and Freight
- CIP — Carriage and Insurance Paid Тo
- CPT — Carriage Paid To
- DAP — Delivered at Place
- DDP — Delivered Duty Paid
- DAT — Delivered at Terminal
- EXW — EX Works
- FAS — Free Alongside Ship
- FCA — Free Carrier
- FOB — Free On Board
-
Incoterms 2000
-
Track & Trace System
Container tracking service provides a very convenient and easy to use way of tracking the current location of containers with your cargo by container number.
-
Real ocean freight transit time
Get to know the time in transit of cargo on popular container shipping lines between ports of loading and port of discharge.
-
Sea Lines Explorer
Service is designed for determination of shipping lines whose vessels put in chosen port or direction.
-
Container Terminals Explorer
Service is designed for determination of sealine port list.
