CFR definition: Copy, customize, and use instantly
Introduction
The term "CFR" refers to the abbreviation for "Cost and Freight," which defines the terms of shipping and delivery in contracts. It specifies that the seller is responsible for paying for the cost of freight, while the buyer takes responsibility for the goods once they reach the designated port. This term is essential for clarifying the allocation of shipping costs, responsibilities, and risks between the parties involved.
Below are various examples of how "CFR" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "CFR" as a shipping term
This definition ties "CFR" to the cost-sharing responsibilities of shipping.
"CFR" means a term in which the seller is responsible for paying the cost of freight to a specified destination port, while the risk transfers to the buyer once the goods are delivered aboard the vessel.
Definition of "CFR" as part of an international sales agreement
This definition connects "CFR" to the international shipment and delivery of goods.
"CFR" refers to the arrangement where the seller is responsible for the cost of transportation, but the buyer assumes the risk once the goods are delivered to the port of shipment.
Definition of "CFR" as an incoterm
This definition links "CFR" to the use of Incoterms in international trade.
"CFR" means the Incoterm under which the seller is responsible for arranging and paying for the transportation of goods to the destination port, but the buyer assumes the risk upon delivery at the port.
Definition of "CFR" as a cost-sharing mechanism
This definition applies "CFR" to the cost-sharing between seller and buyer.
"CFR" refers to the shipping term where the seller pays for the transportation costs to the destination port, but the buyer takes on the risk of loss or damage once the goods are placed aboard the vessel.
Definition of "CFR" as a freight agreement term
This definition ties "CFR" to the allocation of freight costs in an agreement.
"CFR" means a term in which the seller bears the cost of shipping the goods to the agreed port, while the buyer assumes the risk once the goods are loaded onto the vessel.
Definition of "CFR" in the context of delivery
This definition connects "CFR" to the moment of delivery in the transportation of goods.
"CFR" refers to a shipping agreement where the seller delivers the goods at the port of shipment, and the buyer assumes responsibility for any risks once the goods are loaded onto the ship.
Definition of "CFR" in an import-export contract
This definition links "CFR" to the import-export transaction structure.
"CFR" means the seller is responsible for the cost of freight to the destination port, while the buyer assumes responsibility for risks and customs clearance once the goods are delivered aboard the ship.
Definition of "CFR" in a contract with risk allocation
This definition applies "CFR" to define the transfer of risk in shipping.
"CFR" refers to the term where the seller covers the cost of freight up to the destination port, but the buyer accepts the risk of any damage or loss once the goods are on board the vessel.
Definition of "CFR" as a delivery and payment term
This definition ties "CFR" to payment and delivery arrangements in international trade.
"CFR" means that the seller will pay for the shipping costs, but the buyer is liable for risks as soon as the goods are loaded onto the ship at the port of shipment.
Definition of "CFR" as a contract clause
This definition links "CFR" to specific clauses in a contract governing international delivery.
"CFR" refers to a clause in a contract where the seller agrees to pay for the shipping, but the buyer takes on the risk of goods after they are delivered to the ship.
Definition of "CFR" in a transport agreement
This definition connects "CFR" to the responsibilities outlined in a transport agreement.
"CFR" means the seller assumes the cost of transporting goods to the agreed destination port, while the buyer bears the responsibility for risks from the point the goods are loaded aboard the vessel.
Definition of "CFR" in global trade contracts
This definition links "CFR" to global trade and international shipping practices.
"CFR" refers to a global shipping term where the seller is responsible for freight costs to the destination port, but the buyer assumes responsibility for the goods once they are on board the vessel.
Definition of "CFR" in a purchase agreement
This definition applies "CFR" to the purchase agreement for shipping terms.
"CFR" means that the seller covers the cost of transporting goods to the destination port, with the buyer assuming risk once the goods are delivered onto the vessel.
Definition of "CFR" as an international sales term
This definition ties "CFR" to its use in international sales agreements.
"CFR" refers to the term where the seller is responsible for paying for the freight, but the risk is transferred to the buyer when the goods are delivered aboard the vessel at the departure port.
Definition of "CFR" in an export sales agreement
This definition links "CFR" to the sale of goods in an export context.
"CFR" means the seller is responsible for the freight cost up to the agreed port of destination, but the buyer assumes the risk of loss or damage from the moment the goods are on board the ship.
Definition of "CFR" in a logistics contract
This definition applies "CFR" to logistics agreements and shipping terms.
"CFR" refers to the term under which the seller covers the transportation costs to the destination port, while the buyer assumes any risk once the goods are loaded onto the vessel.
Definition of "CFR" in a shipping agreement
This definition connects "CFR" to a formal shipping arrangement between parties.
"CFR" means that the seller is responsible for paying the freight charges to the destination port, but the buyer takes on responsibility for any damage to or loss of goods after delivery onto the ship.
Definition of "CFR" in a maritime contract
This definition ties "CFR" to the terms of a maritime shipping agreement.
"CFR" refers to a contract term where the seller pays for the cost of transport to the destination port, while the buyer assumes the risk of loss once the goods are loaded onto the ship.
Definition of "CFR" as an international shipping term
This definition links "CFR" to international logistics and risk management.
"CFR" means the seller is responsible for covering the shipping costs to the destination port, but the buyer assumes responsibility for the risk of loss once the goods are placed aboard the ship.
Definition of "CFR" in an export agreement
This definition applies "CFR" to export agreements involving international shipping.
"CFR" refers to an agreement where the seller pays for shipping costs up to the destination port, while the buyer assumes risk once the goods are on board the vessel.
Definition of "CFR" in a cost-sharing agreement
This definition ties "CFR" to agreements that address cost-sharing arrangements in shipping.
"CFR" means a term in which the seller is responsible for covering the cost of transportation to the destination port, but the buyer takes on risk from the point the goods are loaded onto the ship.
Definition of "CFR" in a seller-buyer agreement
This definition links "CFR" to the seller-buyer obligations regarding freight and risk.
"CFR" refers to a shipping term where the seller covers the cost of freight, while the buyer assumes risk once the goods are loaded onto the vessel.
Definition of "CFR" in a trade agreement
This definition connects "CFR" to a trade agreement in the context of shipping.
"CFR" means that the seller assumes responsibility for the cost of transportation to the destination port, while the buyer accepts the risk once the goods are on board the ship.
Definition of "CFR" in a contract governing international transactions
This definition applies "CFR" to contracts in the context of global transactions.
"CFR" refers to the responsibility of the seller for transportation costs up to the destination port, while the buyer assumes responsibility for risks once the goods are loaded aboard the vessel.
Definition of "CFR" as a contractual obligation
This definition links "CFR" to the seller's contractual obligation for shipping costs.
"CFR" means that the seller is obligated to cover the freight charges to the destination port, but the buyer takes on the risk once the goods are aboard the ship.
Definition of "CFR" in relation to shipment terms
This definition connects "CFR" to specific shipment terms for cost and risk management.
"CFR" refers to a term where the seller covers shipping costs to the destination port, while the buyer assumes risk once the goods are on board the vessel.
Definition of "CFR" in a contractual delivery clause
This definition ties "CFR" to the specifics of a delivery clause in a contract.
"CFR" means that the seller is responsible for the costs of shipping the goods to the port of destination, but the buyer assumes all risks once the goods are placed on board the vessel.
Definition of "CFR" in a shipping logistics arrangement
This definition connects "CFR" to the logistics framework in a shipping contract.
"CFR" refers to a logistics agreement where the seller covers the cost of shipping to the destination port, while the buyer accepts responsibility for any loss or damage once the goods are aboard the ship.
Definition of "CFR" as an import shipping term
This definition applies "CFR" to import shipping agreements.
"CFR" means that the seller pays for the cost of transportation to the destination port, while the buyer assumes risk once the goods are loaded onto the vessel for shipment.
Definition of "CFR" in a customs clearance agreement
This definition links "CFR" to customs clearance responsibilities.
"CFR" refers to a shipping term where the seller handles the cost of freight to the destination port, while the buyer is responsible for clearing the goods through customs and managing risks after delivery aboard the ship.
Definition of "CFR" in a long-term supply agreement
This definition ties "CFR" to long-term shipping and supply relationships.
"CFR" means that the seller will bear the cost of freight to the destination port, but the buyer takes on the risk once the goods are loaded onto the ship at the point of departure.
Definition of "CFR" in a vendor-supplier agreement
This definition connects "CFR" to vendor-supplier relationships in international trade.
"CFR" refers to the agreement where the seller is responsible for covering the cost of transportation to the agreed port, but the buyer assumes responsibility for the goods after they are on board the vessel.
Definition of "CFR" in a risk allocation clause
This definition applies "CFR" in a risk allocation context.
"CFR" means that the seller bears the cost of transportation, but the buyer assumes the risk once the goods are placed on board the ship at the departure port.
Definition of "CFR" in a joint venture contract
This definition ties "CFR" to joint venture agreements involving shared responsibilities.
"CFR" refers to the shipping term where the seller is responsible for the shipping costs to the destination port, but the buyer assumes the risk after the goods are delivered aboard the vessel.
Definition of "CFR" in a freight forwarder agreement
This definition links "CFR" to the terms in a freight forwarder contract.
"CFR" means the seller pays for the shipping to the destination port, while the buyer assumes responsibility for the risk of the goods once they are loaded onto the vessel.
Definition of "CFR" in a distribution agreement
This definition connects "CFR" to the distribution network in international trade.
"CFR" refers to a distribution agreement where the seller covers the cost of freight to the port of destination, but the buyer takes on the risk of loss or damage once the goods are aboard the ship.
Definition of "CFR" in an export customs clearance contract
This definition ties "CFR" to export customs responsibilities in shipping.
"CFR" means that the seller is responsible for shipping costs to the destination port, while the buyer handles export customs clearance and accepts the risk once the goods are aboard the vessel.
Definition of "CFR" in a multinational shipping agreement
This definition applies "CFR" to international contracts in multinational shipping.
"CFR" refers to an agreement in which the seller covers transportation costs to the destination port, while the buyer assumes responsibility for any risks once the goods are loaded onto the vessel at the point of departure.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.