What is CFR Incoterm?
The CFR Incoterm (Cost and Freight) means the seller pays the cost of transporting goods to the named port of destination. Risk transfers to the buyer once goods are loaded onboard the vessel at the origin port.
Does CFR include Insurance?
No. CFR Incoterm does not require the seller to provide cargo insurance, unlike CIF. You should arrange your own insurance, customs clearance, and final-mile transportation if shipping CFR.
Is CFR a good Incoterm for my Shipment?
Yes, if you prefer the seller to handle origin logistics and ocean freight. However, because risk transfers early, you should ensure you have reliable insurance and a strong freight forwarder managing destination logistics.