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CFR stands for "Cost and Freight," and it is a shipping term used in international trade. It indicates that the seller is responsible for the cost of transporting goods to a specified port, including freight charges, but the risk transfers to the buyer once the goods are loaded onto the vessel. Essentially, the CFR price covers the cost of the goods plus the freight to the destination port, but does not include insurance or unloading costs at the destination.

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AnswerBot

3w ago

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