| TERM | DESCRIPTION | Loading at origin | Export customs declaration | Carriage to port of export | Unloading in port of export | Loading on vessel in port of export | Carriage to port of import | Unloading in port of import | Loading in port of import | Carriage to port | Insurance | Import customs clearance | Import duties and taxes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFR | CFR - Cost and Freight (porto specifico di arrivo) | SI | SI | SI | SI | SI | SI | NO | NO | NO | NO | NO | NO |
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CFR – Cost and Freight
DETAILED DESCRIPTION / RIGHTS AND DUTIES
This term, which is used mainly for sea and inland waterway transport, means that the seller is required to clear the goods for export, deliver them onboard the ship at the port of origin, and pay for the transportation of these goods to the port of destination; the seller shall also bear any costs for obtaining export licences and documents from the country of origin and those for customs export operations.
The buyer is responsible for the insurance costs, while the seller shall promptly provide all the information required for the risk policy. Once the goods reach the port of destination, all other costs shall be borne by the buyer, including customs fees in the country of destination.
The term is considered as complete with the named port of destination (for example, C.F.R. Ravenna). It is often improperly and incorrectly used even when the goods are transported by road or rail; however, in these cases other terms should be preferred.
