The costs distribution to Buyer and Seller under CFR inco term

The INCOTERM CFR (Cost and Freight)  

 

CFR, Responsibility to bear costs to Buyer and Seller

 

Q) Under the INCOTERM CFR, who should bear all cost related with Export customs declaration?

 

Answer

 The Seller has to bear all cost related with Export customs declaration if contract is under the INCOTERM CFR.

 

Q) Who has to pay the Carriage to port of export under CFR terms?

 

Answer

The Seller is responsible for paying carriage to port of export under CFR terms.

 

Q) Who is responsible for all the cost for unloading of truck in port of export, in CFR terms?

 

Answer

All the cost for unloading of truck in port of export should be given by the Seller under the INCOTERM CFR.

 

Q) Who is obliged to bear all cost for loading the cargo on vessel/airplane in port of export under CFR terms?

 

Answer

The Seller should pay all cost for loading the cargo on vessel/airplane in port of export under CFR terms.

 

Q) In INCOTERM CFR, who should give money to Carriage (sea/air) to port of import?

 

Answer

In INCOTERM CFR, the Seller should give money to Carriage (sea/air) to port of import.

 

Q) Who should arrange Insurance for the shipment under CFR term?

 

Answer

The buyer has to arrange Insurance for the shipment under CFR term.

 

Q) According to the INCOTERM CFR, all the expenses for unloading the cargo in port of import are whose responsibility?

 

Answer

According to the INCOTERM CFR, the expenses for unloading the cargo in port of import is met as per mutually agreed terms between buyer and seller  

 

Q) Under CFR INCOTERM, who should pay for Loading on truck in port of import?

 

Answer

If the contract is under CFR INCOTERM, then the buyer should pay for Loading on truck in port of import.

 

Q) Who is responsible for arranging Carriage to place of destination under CFR terms?

 

Answer

The Buyer is responsible for arranging Carriage to place of destination if the term of delivery is under CFR terms.

 

Q) Who is obliged to settle all cost for Import customs clearance in CFR terms?

 

Answer

All payment settlement for Import customs clearance in CFR terms is obliged with the Buyer.

 

Q) Import duties and taxes should be paid by whom under the CFR INCOTERM.

 

Answer

Import duties and taxes should be paid by the buyer under the CFR INCOTERM.


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