CFR (Cost and Freight, Foreign Port) Is Similar to CIF

question 82

True/False

CFR (cost and freight, foreign port) is similar to CIF except that the buyer purchases the insurance because it can obtain it at lower cost or because its government, to save foreign exchange, insists that it use a local insurance company.

---

Definitions:

Street Frontage Lots

Street frontage lots refer to parcels of land that directly border and have access to a public street, often considered more valuable for commercial or residential development.

Transfer Price

The price at which goods, services, or intellectual property are traded between divisions within the same company or between related entities.

Outside Market

External markets or trading environments that influence the supply, demand, and pricing of goods or services.

Ample Capacity

A situation where a company or facility has enough resources, often production capability or space, to meet current or future demand without strain.