Cfr: Code of Federal Regulations

Code of Federal Regulations ... A few volumes of the CFR at a law library (titles 12–26) In the law of the United States, the Code of Federal Regulations (CFR) is the codification of the general and permanent regulations promulgated by the executive departments and agencies of the federal government of the United States. The CFR was created with the passage of the Federal Register Act and amended in 1937 to provide a “ codification ” of all regulations every five years. It was published for the first time in 1938. Cost and Freight CFR (CFR) Incoterm® describes how the seller has the responsibility of the goods until the destination port. CFR is an international commercial term that means the seller delivers the goods on board and cleared for export, and pays for freight to the named port of destination. The buyer covers the cost of discharge and import clearance, and assumes the risk of loss or damage from the time of delivery.