CFR is Cost and Freight. DAP is Delivered at Place. Incoterms 2020.
The cost split is identical. What separates them is where risk passes — see below.
| Cost block | CFR | DAP |
|---|---|---|
| Export clearance | Seller | Seller |
| Carriage to port / terminal | Seller | Seller |
| Loading onto main carriage | Seller | Seller |
| Main carriage (freight) | Seller | Seller |
| Insurance | Neither obliged | Neither obliged |
| Unloading at destination | Buyer | Buyer |
| Import clearance | Buyer | Buyer |
| Duties and import taxes | Buyer | Buyer |
| Risk passes | When the goods are loaded on board at origin — even though the seller keeps paying to the destination. | At the named destination, with the goods still on the arriving vehicle. |
| Transport mode | Sea / inland waterway | Any mode |
Cost and risk split apart here. The seller pays freight for a voyage during which the buyer already carries the risk, and nobody is obliged to insure it.
If the buyer is slow to clear customs, the goods sit and the demurrage lands on the seller, who still controls the carriage contract.
The Incoterm and named place belong on the commercial invoice, the packing list and the shipper's instructions — spelled the same way on each. ovrseas generates the set from one entry so they cannot disagree with each other.
Commercial invoice templateIncoterms® is a registered trademark of the International Chamber of Commerce. This page is an independent summary of how costs and risk are allocated and is not affiliated with or endorsed by ICC. For contract drafting, use the official Incoterms® 2020 rules published by ICC.