CFR – COST AND FREIGHT (... NAMED PORT OF DESTINATION)

Duties of seller

• Contract for carriage
• Load the goods on board
• Procure a “clean“ transport document
• Clear the goods for export
• Pay costs and freight to named port of destination

Duties of buyer

• Take delivery of the goods from the carrier
• Pay the costs which according to the contract of carriage are not borne by the seller

Documents
Documents required:

• Commercial invoice
• Transport document (bill of lading, non-negotiable sea waybill)
• Export licence if necessary

Additional documents:

• Documents needed for import or transit clearance