Incoterms 2020 CFR: Spotlight on Cost and Freight Paid скачать в хорошем качестве

Incoterms 2020 CFR: Spotlight on Cost and Freight Paid

There are 11 Incoterms 2020 rules. These globally-recognized trade terms, published by the International Chamber of Commerce, determine how costs and risks are split between buyers and sellers conducting international transactions, and when the risk or liability for the goods transfer from the seller to the buyer. This video takes a closer look at the Incoterms rule CFR, also known as Cost and Freight. ************* Incoterms Chart of Responsibilities and Transfer of Risk: https://www.shippingsolutionssoftware... An Introduction to Incoterms eBook: https://www.shippingsolutionssoftware... Find 100s of articles about various aspects of exporting on Passages: The International Trade Blog: https://www.shippingsolutionssoftware... ************** Cost and Freight Responsibilities and Risk Under the Incoterms 2020 rules, CFR means the seller has fulfilled its obligation when the goods are delivered and loaded on the vessel they’ve nominated at the named port of shipment. The risk or liability for the goods transfers from the seller to the buyer as soon as the goods are loaded on board the vessel before carriage takes place, and the buyer bears costs from that point forward. CFR should only be used for sea and inland waterway transport. Using Cost and Freight With all of the C-group terms, including CFR, the seller is responsible for contracting international transportation. The named place where the transfer of responsibility occurs is always on the buyer’s side. Though buyers and less experienced exporters may prefer an F-group term, C-group terms are preferable to more experienced exporters, because they allow you to deal directly with the carrier; documentation, bills of lading and all the information needed for letters of credit originate from a single place. Also, using C-group terms allow you more negotiation power, especially if you book a lot of freight. That being said, like all four of the Incoterms 2020 rules designed for sea and inland waterway transport, CFR is best used in situations where sellers have direct access to the vessel for loading, in other words, bulk cargo or non-containerized goods. For most exports, Carriage Paid to (CPT) might be a better choice. The named destination under CPT can be any freight destination. Using CFR may be advantageous to the buyer when goods originate in a high-risk country. Loading costs must be included in the quote. If you are regularly involved in international trade, you need to understand the risks and responsibilities for each of the Incoterms 2020 rules, not just pick the term you always use. Shipping Solutions is here to help. *************** Chapters 00:00 Introduction 00:48 Cost and Freight Responsibilities and Risk 01:20 Using Cost and Freight 02:43 Incoterms Chart of Responsibilities ************** #exportdocumentationsoftware #exportdocuments #usexportinghelp #incoterms2020 #incoterms #CFR #CostandFreight #Incoterms2024 *************** Make sure you subscribe to this channel for more practical advice for exporters and importers.    / @shippingsolutions   *************** Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. The Incoterms® Rules are protected by copyright owned by ICC.