CFR

- May 22, 2020-

CFR

"Cost and Freight (... named port of destination)" means that the seller must pay the expenses and freight required to transport the goods to the designated port of destination, but after the goods are delivered to the ship's deck, the risk, loss or damage of the goods and The additional expenses caused by the accident will be transferred from the seller to the buyer after the goods are delivered to the ship ’s deck. The seller is also required to go through the export customs clearance procedures for the goods. This term applies to sea or inland transportation.

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