International Transport - Incoterms

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CFR - Cost and Freight (named port of destination)
Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the vessel (this rule is new!). Maritime transport only and Insurance for the goods is NOT included. This term is formerly known as CNF (C&F).
More information
For more information about ICC (International Chamber of Commerce) and Incoterms, please visit: https://www.iccwbo.org/Incoterms/