freight
Definition
Charges paid for carriage or transportation of goods (cargo) by air, land, or sea. Goods may be transported (shipped) 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. Also called freightage, 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. See also fare.
freight is in the Accounting & Auditing, Banking, Commerce & Finance, International Trade & Relations, Purchasing & Procurement and Shipping, Transport, & Travel subjects.
freight appears in the definitions of the following terms:
forward freight agreement,
weight or measurement (W/M),
C&F,
landed cost,
forwarder's air waybill (AWB),
CFS,
fare,
freight forwarder,
density of cargo,
dead freight
and
freight appears in these other terms:
freight all kind (FAK),
freight consolidation,
bulk freight,
freighter,
freight bill,
air freight,
advance freight,
freight ton,
freight collect,
cost, insurance, freight (CIF)
and
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