CFR

CFR (Cost and Freight) is a maritime-only Incoterm where the seller pays for: the cost of the goods and the freight to the destination port. Unlike CIF, the seller does not arrange insurance — the buyer must obtain their own marine cargo insurance.

As with CIF and FOB, risk transfers at the load port when goods are loaded on board, not at destination. CFR is commonly used for bulk and project cargo where the buyer prefers to control insurance terms.