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Incoterms 2020 compared

CFR vs CPT: which Incoterm should you use?

CFR (Cost and Freight) versus CPT (Carriage Paid To) — who pays freight, where risk transfers, and what each choice does to your landed cost. Last reviewed 16 July 2026.

Quick answer

CFR is sea-only and passes risk when goods are loaded on board; CPT works for any mode and passes risk when goods reach the first carrier. Neither insures.

Main freight paid byCFR: Seller · CPT: Seller
Import clearanceCFR: Buyer · CPT: Buyer

CFR vs CPT at a glance

FactorCFRCost and FreightCPTCarriage Paid To
GroupC — Main carriage paidC — Main carriage paid
Transport modeSea & inland waterwayAny mode
Who pays main freightSellerSeller
Insurance obligationNo obligation on either partyNo obligation on either party
Risk transfersWhen goods are loaded on board at the port of shipment — before the seller-paid freightWhen goods are handed to the first carrier — before the seller-paid carriage
Export clearanceSellerSeller
Import clearanceBuyerBuyer
Best forSea freight where the buyer wants the seller to book carriage but will insure separatelyContainerised or multimodal cargo where the seller pays carriage but the buyer insures

Based on the Incoterms 2020 rules (ICC). Always confirm the exact obligations in your sales contract — as of 16 July 2026.

When to choose CFR

Choose CFR for port-to-port sea freight where the seller books and pays ocean carriage to the destination port. Risk passes to you once the goods are on board the vessel. It is the uninsured sea term — the seller pays freight, you arrange any cargo cover yourself.

When to choose CPT

Choose CPT for containerised, air or multimodal shipments where the seller pays carriage to a named destination but risk should transfer earlier — when the goods are handed to the first carrier. CPT is the any-mode equivalent of CFR and reflects how container and courier logistics actually pass responsibility.

What it does to your landed cost

Both terms have the seller pay main carriage without insuring, so the cost difference is small — it is really about transport mode and where risk sits. The seller-paid freight is folded into the price and feeds the customs value your duty and import VAT are charged on, just as under CIF. Since neither term insures, budget your own cargo cover separately. Run the lane through the calculator to see the landed cost and confirm which mode fits.

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CFR vs CPT — FAQ

What is the difference between CFR and CPT?
CFR is limited to sea and inland waterway and transfers risk when goods are on board the vessel. CPT works for any transport mode and transfers risk earlier — when goods are handed to the first carrier. Neither obliges either party to insure.
Do CFR and CPT include insurance?
No. Both are uninsured terms — the seller pays carriage but neither party must arrange cargo insurance. If you want the seller to insure, use CIF (sea) or CIP (any mode) instead.

Term definitions

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CFR vs CPT

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