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CFR {+ the named port of destination}
Cost and Freight
The delivery of goods to the named port of destination (discharge) at the seller's expense. Buyer is responsible for the cargo insurance and other costs and risks. The term CFR was formerly written as C&F. Many importers and exporters worldwide still use the term C&F.
In the export quotation, indicate the port of destination (discharge) after the acronym CFR, for example CFR Karachi and CFR Alexandria.
Under the rules of the INCOTERMS 1990, the term Cost and Freight is used for ocean freight only. However, in practice, the term Cost and Freight (C&F) is still commonly used in the air freight.
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What does DOC means in shipping term?
doc shipping
Full form of CFR shipping?
cost & freight
What is difference between Fob Cif and cfr?
In the United States FOB is used for domestic shipping and CFR for international shipping. FOB means Freight on Board or Free on Board or the shipper loads the truck or train car. The buyer is responsible for shipping fees. In the United States, the trucking line or Rail Road Company is responsible for the cost if the merchandise is destroyed in an accident. CFR means the shipper pays the expenses of getting the shipment onto the boat or airplane. Shipping fees are the responsibility of the buyer. Insuring the merchandise incase of shipwreck or piracy is also the responsibility of the purchaser. CIF means the seller pays for the expenses of getting the freight loaded, the insurance, and the freight.
What does CFR FO mean?
cfr fo means cost freight free out
What subpart of the 49 cfr covers the preparation of shipping papers?
sub part c
What does PRS means in shipping term?
piracy risk surcharge
What does CFS mean in shipping terms?
CF means cargo and freight in shipping terms. The person who is selling goods pay for the cost of the goods and freight charges. CF has been replaced with CFR.
What does DDU means in shipping term?
DDU= destination delivery unit
What must be done to the markings (49 CFR 172.300) for all containers being reused?
change shipping papers
What must be done to the marking (49 CFR 172.300) for all containers being reused?
change shipping papers
What must be done to the markings 49 cfr 172.300 for all containers being reused?
change shipping papers
What is the meaning of the term 'ad hoc' in shipping?
Ad hoc literally means "for this." In shipping it probably means that the item in question is being shipped in a custom or specially built container as opposed to a standardized container.
