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  • Cost and Freight: ICC Publication 560 - Copies of The Full Version Are Available From ICC Publishing

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    ram_kisna007
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    The document discusses Incoterms 2000 and the CFR (Cost and Freight) term. CFR means the seller delivers the goods when they pass the ship's rail in the port of shipment and pays costs and freight to bring them to the named port of destination. However, the buyer bears the risks of loss or damage to the goods and additional costs after delivery. The seller is responsible for clearing the goods for export under CFR, which can only be used for sea and inland waterway transport. If delivery is not across the ship's rail, CPT should be used instead of CFR.

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    CFR

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    Cfr

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    The document discusses Incoterms 2000 and the CFR (Cost and Freight) term. CFR means the seller delivers the goods when they pass the ship's rail in the port of shipment and pays costs and freight to bring them to the named port of destination. However, the buyer bears the risks of loss or damage to the goods and additional costs after delivery. The seller is responsible for clearing the goods for export under CFR, which can only be used for sea and inland waterway transport. If delivery is not across the ship's rail, CPT should be used instead of CFR.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    43 views1 page

    Cost and Freight: ICC Publication 560 - Copies of The Full Version Are Available From ICC Publishing

    Uploaded by

    ram_kisna007
    The document discusses Incoterms 2000 and the CFR (Cost and Freight) term. CFR means the seller delivers the goods when they pass the ship's rail in the port of shipment and pays costs and freight to bring them to the named port of destination. However, the buyer bears the risks of loss or damage to the goods and additional costs after delivery. The seller is responsible for clearing the goods for export under CFR, which can only be used for sea and inland waterway transport. If delivery is not across the ship's rail, CPT should be used instead of CFR.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
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    Incoterms 2000

    ICC publication 560 copies of the full version are available from ICC publishing

    CFR
    COST AND FREIGHT
    (..named port of destination)

    Cost and Freight means that the seller delivers when the goods pass the ships rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss or damage to the goods, as well as any additional costs due to events occurring after the time of delivery are transferred from the seller to the buyer. The CFR term requires the seller to clear the goods for export. This term can be used only for sea and inland waterway transport. If the parties do not intend to deliver the goods across the ships rail, the CPT term should be used.

    Information exchange on file server/Information exchange/Incoterms/CFR

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