CFR Incoterms 2020 — Complete Logistics Guide

Complete guide and definition for CFR. Is insurance included in CFR?

Seller Obligations

Seller pays ocean freight to destination port and clears export customs.

Buyer assumes risk on board at origin port and handles import clearance and insurance.

Risk transfers on board at origin port, despite seller paying freight to destination.

No, CFR does not include insurance. For freight with insurance, use CIF.

CFR means Cost and Freight: seller pays ocean transit to destination port.