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

Quizplus · Accepted Answer

Under CFR (Cost and Freight) terms, the seller is responsible for the cost and freight to bring the goods to the port of destination, but the risk of loss or damage transfers to the buyer once the goods are loaded onto the shipping vessel.

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