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CFR（Cost and Freight）

CFR（Cost and Freight）

  • Indicates that the seller is responsible for the delivery of the goods to the port of destination in accordance with the conditions of the contract and bears the freight charges, but that the buyer is responsible for the insurance of the goods and for the risks at sea.

Below are the general steps of a logistics solution for CFR:

  • For the trade term CFR (Cost and Freight), it means that the seller is responsible for the delivery of the goods to the port of destination in accordance with the conditions of the contract and bears the freight costs, but the buyer is responsible for the insurance of the goods and the risks at sea. Below are the general steps of a logistics solution for CFR terms:

Cargo preparation and shipment:

  • Determine the quantity, specifications, packaging requirements, etc. of the goods and prepare the goods. Assist the seller in loading the goods onto the vessel and ensure compliance with shipment requirements and shipping schedules.

Transportation arrangements and operations:

  • Coordinate all aspects related to the transportation of goods, such as cargo transportation and container consolidation. Arranging suitable means of transportation and transportation service providers to ensure smooth transportation of cargo to the destination port.

Freight Payment:

  • Assist the seller in calculating and paying freight charges.Provide the necessary support and guidance to ensure timely payment of freight charges to avoid delays and additional costs.

Port formalities and documentation processing:

  • Assist the seller in export customs clearance and shipping formalities for the smooth shipment of goods to the port of destination. Provide necessary export documents and papers, such as export licenses, commercial invoices, packing lists and so on.

Customs processing:

  • Determine customs requirements and procedures at destination ports. Prepare and submit necessary customs documents and declarations, including import licenses, customs declarations, etc.

Delivery and confirmation at destination port:

  • Ensure that the goods arrive at the port of destination on time and conduct delivery confirmation and acceptance with the buyer. Provide necessary support and guidance for the buyer to smoothly receive the goods and complete further transportation and handling.
  • Please note that under CFR terms, the buyer is required to purchase its own insurance for the goods and bear the risk at sea, therefore, when using CFR terms, the buyer should fully understand and comply with the relevant insurance requirements and responsibilities.
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