CFR (Cost and Freight)
A CEMT (Conference of European Ministers of Transport) permit is a special license that lets businesses move goods from one country to another within a group of countries called CEMT countries. It's like a passport for goods, making it easier to take products across borders without needing a bunch of different permits. This is done to make trade simpler and to help businesses save time and paperwork.
— sennder Team
Example or usage in road freight logistics:
In a scenario where a manufacturer in Country A agrees to sell a shipment of goods to a buyer in Country B under CFR terms, the manufacturer will arrange and pay for transporting the goods to the designated port in Country A and the cost of loading the goods onto the vessel. The risk of loss or damage transfers to the buyer once the goods are on board. The buyer then takes over, arranging and paying for any further transportation, insurance, and customs clearance to get the goods to their final destination.