Quick answer
CFR (Cost & Freight) is an Incoterms 2020 rule for sea & inland waterway only. Seller pays ocean freight; risk on board at origin. The table below shows exactly which side pays the cost, carries the risk and arranges insurance at each stage of the journey.
Seller vs buyer — stage by stage
| Stage | Cost | Risk | Insurance |
|---|---|---|---|
| Factory / seller site | Seller | Seller | Seller |
| Export transport | Seller | Seller | Seller |
| Export terminal | Seller | Seller | Seller |
| Main carriage | Seller | Seller | Seller |
| Import terminal | Seller | Buyer | Buyer |
| Import transport | Buyer | Buyer | Buyer |
| Destination | Buyer | Buyer | Buyer |
Using CFR on LogiFindex
Buyer insures from shipment onward — note if carrier includes BAF/THC in quoted CFR.
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