Cost and Freight or CFR Law and Legal Definition

In C&F arrangements, a seller undertakes to contract for the carriage of goods, but does not undertake to obtain insurance. C&F contracts differ from CIF contracts in that the former does not require seller to insure the goods for buyer. Seller must choose the ship and pay the costs and freight necessary to bring the goods to the named port of destination. The export formalities are the responsibility of seller.