( CFR)
Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. This should be used with ocean shipments only, as the point where risk and responsibility pass from seller to buyer is the rail of the carrying vessel. Bloomberg Financial Dictionary
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► See C and F.
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cost and freight UK US noun [U] (also carriage and freight, ABBREVIATION CFR)
► COMMERCE, INSURANCE used as an incoterm to mean that the total price of goods sold includes the price of transporting them by ship, but not the price of insurance
Financial and business terms. 2012.