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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Cost and Freight - CFR  

Definition 1.

A trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. Under CFR, the seller does not have to procure marine insurance against the risk of loss or damage to the goods during transit.
 
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