Incoterms® 2020 Rules—CFR Cost and freight

Copyright © 2025 LexisNexis
Published by a LexisNexis Commercial expert
Practice notes

Incoterms® 2020 Rules—CFR Cost and freight

Copyright © 2025 LexisNexis

Published by a LexisNexis Commercial expert

Practice notes
imgtext

This Practice Note comprises the guidance note to the CFR Cost and freight Incoterm in the Incoterms® 2020 rules, produced here with the permission of ICC Publishing SA. Incoterms® 2020 rules and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org.

Incoterms® 2020 rules came into force on 1 January 2020, and updated the Incoterms® 2010 rules to reflect changes to the market over the last decade. For the CFR Incoterm valid up until that date, see Practice Note: Incoterms® 2010 Rules—CFR Cost and freight [Archived].

CFR (insert named port of destination) Incoterms® 2020

Explanatory notes for users

1. Delivery and risk

‘Cost and Freight’ means that the seller delivers the goods to the buyer

  1. •

    on board the vessel

  2. •

    or procures the goods already so delivered.

The risk of loss of or damage to the goods transfers when the goods are on board the vessel, such that the

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Incoterms definition
What does Incoterms mean?

An abbreviation of 'International Commercial Terms'—a set of globally recognised terms and conditions used in international, and sometimes domestic, contracts for the sale and purchase of goods.

Read more readmore

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin