Goods may be transported on freight-prepaid or freight-collect basis: (1) If the freight is paid by the consignor (as under C&F and CIF terms) the goods remain the consignor's property until their delivery is taken by the consignee upon their arrival at the destination, and payment of the consignor's invoice. (2) If freight is paid by the consignee (as under FOB terms) the goods become the consignee's property when handed over to the carrier against a bill of lading. It may be charged on the weight or volume of the shipment (depending upon its nature or density) and also varies according to the mode of shipment, such as bulk, break bulk, containerized. Also called freightage. See also fare.
Use freight in a sentence
We had to analyze the various options we had for handling the freight as the boat would be slower but less expensive than the train.
If you are shipping a big freight you should make sure to get a reliable company to do the work for you.
I chose to purchase my engine block in person, rather than having it shipped to me; because the freight was ridiculously expensive.