Is buyer or seller responsible for unloading of goods under CFR terms at named place?
As you know CFR is a marine restricted terms of delivery used by buyer and seller. The term Cost and Freight (CFR) under Incoterms 2020 is commonly used in export import business. Under CFR terms, the exporter undertakes the responsibility of cost to the named destination port in Importer’s country. However the risk transfers from Exporter to Importer, once the goods are gone onboard the vessel at the port of loading in Exporter’s country.
Once after arriving goods by Vessel at destination port the goods are unloaded by the port authorities. Here the question is; who bears the cost and risk of unloading goods? Based on the above statements mentioned, obviously importer is responsible on the cost and risk of unloading goods. Moreover, the Incoterms rules does not state unloading of goods under CFR terms thereby, the cost of unloading is under Importer’s account.
In short, under CFR terms of delivery, the buyer (Importer) is responsible for unloading the goods.
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