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CFR (Cost and Freight) is one of the Incoterms (International Commercial Terms) defined by the International Chamber of Commerce (ICC). It is used in international trade to specify the responsibilities of buyers and sellers. Under the CFR term, the seller is responsible for arranging and paying for the transportation of goods to the port of ...
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The ICC Academy, ICC's dynamic e-learning platform, is offering dedicated training courses, as well as the official Incoterms® 2020 Certificate to ensure that the trade terms are appropriately applied. The curriculum includes interactive case studies that allow trainees to apply their understanding of the Incoterms® rules by simulating real ...
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Although the ICC recommends using Incoterms® 2020 beginning January 1, 2020, parties to a sales contract can agree to use any version of Incoterms after 2020. They need to clearly specify the chosen version of Incoterms being used (i.e., Incoterms® 2010, Incoterms® 2020, or any earlier version).
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