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Issue ID: 109888
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CLARITY ON INCOTERM-CFR

Date 17 Feb 2016
Replies 3 Replies
Views 1696 Views
Asked by
CFR Incoterm: seller pays carriage to destination but risk transfers at loading; use carrier or port documents to prove discharge.
Under CFR, seller bears cost of carriage to the named destination port while risk passes on loading at shipment; therefore proof of delivery at the discharge port is evidentiary for contractual claims. Preferred documentary proof includes the shipping line's Certificate of Landing, container tracking reports from the carrier's website, and port arrival/unloading records; confirmations can also be obtained from the discharge port's customs or a local shipping agent. (AI Summary)

Dear Sir,

We have placed order on one of supplier outside india. The term agreed is CFR- XYZ port. As the Purchase order calls for Liquidated damages on late delivery, it is important to establish the date of material receipt at the discharge port. Can u please inform me which documents should be considered for confirming, when the material was delivered at discharged port.

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