The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
The information provided here is part of Import Export Training online
How to differentiate CFR with DAP?
What are the difference between DAP and CFR?
As per Inco terms of shipping, DAP means Delivered at Place (named destination mentioned). CFR means, Cost and Freight (up to the destination mentioned).
The detailed articles on CFR and DAP with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CFR and DAP, so as to enable you to have a clear idea on these shipping terms.
The major difference between CFR and DAP is that the shipping term DAP is used in all modes of transport, where as CFR terms of shipping is used only for sea and inland water transport.
What is DAP? What are the responsibilities of buyer and seller under DAP terms? How does CFR term work? What are the obligations of buyer and seller under CFR terms.The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
For your immediate reference, I give below web links on DAP and CFR separately below.
The above articles easily explain about CFR and DAPThe Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained..
I hope, you have satisfied with the difference between DAP and CFR explained easily. Do you have different thought on difference between CFR and DAP?
The above information is a part of Export Import Training online
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
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