Question: Company A signed an exporting contract based on CFR with company B , company A completed the loading of the goods at 2 : 0

Company A signed an exporting contract based on CFR with company B, company A completed the loading of the goods at2:00am of Oct.01 and did not send out the shipping advice because of the national holiday for Oct.01 and 02. In the morning of Oct.03, Company A received the fax from company B that the vessel for delivering the goods sunk at 4:00pm of Oct.02 and all the goods got lost and required A company pay all the loss.Question:1.Do you think A company should pay for the loss? 2.How to avoid such situation?

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