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  • Cost and Freight: ICC Publication 560 - Copies of The Full Version Are Available From ICC Publishing

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    Hamed Gerami
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    The document defines the "Cost and Freight" (CFR) shipping term, under which the seller is responsible for delivery of goods to the port of destination and payment of costs and freight to transport them there. However, the risk and costs associated with the goods are transferred from the seller to the buyer once the goods pass the ship's rail in the port of shipment. This term can only be used for sea or inland waterway transport, and requires the seller to clear the goods for export.

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    Cfr

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    Cfr

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    The document defines the "Cost and Freight" (CFR) shipping term, under which the seller is responsible for delivery of goods to the port of destination and payment of costs and freight to transport them there. However, the risk and costs associated with the goods are transferred from the seller to the buyer once the goods pass the ship's rail in the port of shipment. This term can only be used for sea or inland waterway transport, and requires the seller to clear the goods for export.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views1 page

    Cost and Freight: ICC Publication 560 - Copies of The Full Version Are Available From ICC Publishing

    Uploaded by

    Hamed Gerami
    The document defines the "Cost and Freight" (CFR) shipping term, under which the seller is responsible for delivery of goods to the port of destination and payment of costs and freight to transport them there. However, the risk and costs associated with the goods are transferred from the seller to the buyer once the goods pass the ship's rail in the port of shipment. This term can only be used for sea or inland waterway transport, and requires the seller to clear the goods for export.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    I nc ot er ms 2000

    ICC publication 560 copies of the full version are available from ICC Publishing
    CFR
    COST AND FREI GHT
    (... named port of destination)
    "Cost and Freight" means that the seller delivers when the goods pass the ships rail in the port
    of shipment.
    The seller must pay the costs and freight necessary to bring the goods to the named port of
    destination BUT the risk of loss of or damage to the goods, as well as any additional costs due
    to events occurring after the time of delivery, are transferred from the seller to the buyer.
    The CFR term requires the seller to clear the goods for export.
    This term can be used only for sea and inland waterway transport. If the parties do not intend to
    deliver the goods across the ships rail, the CPT term should be used.

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