Cost and freight - named port of destination (CFR).

CFR is a trade term. It describes when the seller is responsible for all inland costs and freight charges in the seller's country, the cost of loading vessels, and for ocean or air freight charges necessary to bring goods to a specified port of destination. The buyer is responsible for arranging and purchasing export insurance, import duties, and inland freight charges in the buyer's country. Title of the goods passes when the goods cross the rail of the ship while being loaded for shipment to the buyer. [ABSTRACT FROM AUTHOR]

Copyright of Blackwell Encyclopedic Dictionary of International Management is the property of Blackwell Publishing Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)