Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
The information provided here is part of Online Export Import course
How to differentiate CFR with DDP?
What are the difference between DDP and CFR?
As per Inco terms of shipping, DDP means Delivered Duty Paid (named destination mentioned). CFR means, Cost and Freight (up to the destination mentioned).
The detailed articles on CFR and DDP with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CFR and DDP, so as to enable you to have a clear idea on these shipping terms.
The major difference between CFR and DDP is that the shipping term DDP is used in all modes of transport, where as CFR terms of shipping is used only for sea and inland water transport.
What is DDP? What are the responsibilities of buyer and seller under DDP terms? How does CFR term work? What are the obligations of buyer and seller under CFR terms. Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
For your immediate reference, I give below web links on DDP and CFR separately below.
The above articles easily explain about CFR and DDP.
Detailed articles about Inco Terms of Delivery under export and import of International business have been mentioned in separate category – INCO TERMS – in this web site. You can click here to read.
I hope, you have satisfied with the difference between DDP and CFR explained easily. Do you have different thought on difference between CFR and DDP?
The above information is a part of Export Import Online Tutorial
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
Posts about international trade cauching
Difference between FCA and DDP in shipping terms
Difference between CPT and DDP in shipping terms
Difference between DAT and DDP in shipping terms
Difference between DDP and CIF in shipping terms
Difference between CIP and DDP in shipping terms
Difference between CFR and DAP in shipping terms
Difference between CFR and DAT in shipping
Difference between CFR and CPT in shipping terms
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
Is ON BOARD CERTIFICATE required for LC negotiation
What is said to contain in Bill of Lading.
Why does Palletization require?
Why labeling and marking in Export business?
How to make DA mode of payment safe
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain a duplicate BL, if original bill of lading lost.
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
How does CENVAT Credit work?
Why need Certificate of Origin
Why prefer exports?
How many types of imports in India. Types of bills of Entry in India
How many types of shipping bills in export
How to add Line number in Import General Manifest in Custom in India
Import General Manifest (IGM)
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.