The acronym CFR (acronym for the English term Cost and Freight, «Cost and freight, named port of destination») refers to an incoterm or international trade term that is used in sales operations, in which the transport of the merchandise is carried out by ship, both by sea and inland waterways. It should always be used followed by a destination port.

The seller is responsible for the costs, including main transportation, until the goods reach the port of destination.

The risks of loss or damage to the merchandise are assumed by the buyer in the country of origin when the merchandise has been loaded on the ship. Therefore, it is recommended that you take out insurance during main transportation.

This CFR incoterm must be used exclusively for transport by ship, whether sea or river, general or conventional cargo. If the cargo is containerized, it is rather intermodal transport and the incoterm that should be used is CPT. It is also not the most appropriate (although it is compatible) to use CFR in the case of bulk, where the FAS incoterms "FAS (Incoterm)") or DEQ are ideally applied.