"Cost and Freight" means that the seller delivers when the goods pass the ships rail in the port
The seller must pay the costs and freight necessary to bring the goods to the named port of
destination BUT the risk of loss of 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.