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Trade Department
This section contains measures pertaining to the trade division that also support international trade operations.
This section contains measures pertaining to the trade division that also support international trade operations.
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Under CFR terms (short for “Cost and Freight”), the seller is required to clear the goods for export, deliver them onboard the ship at the port of departure, and pay for transport of the goods to the named port of destination. The risk passes from seller to buyer when the seller delivers the goods onboard the ship. The buyer is responsible for paying all additional transport costs from the port of destination, including import clearance and duties.