If the terms of a sale are CFR (cost and freight),the seller is responsible for risk or loss at any point outside the factory.

Name: If the terms of a sale are CFR (cost and freight),the seller is responsible for risk or loss at any point outside the factory.
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Question

Quizplus · Accepted Answer

Under CFR terms, the seller is responsible for the cost of shipping and freight to the port of destination, but the risk of loss or damage to the goods transfers to the buyer once the goods have been loaded on the vessel at the port of shipment.

If the Terms of a Sale Are CFR (Cost and Freight),the