freight(redirected from freightage)
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The price or compensation paid for the transportation of goods by a carrier. Freight is also applied to the goods transported by such carriers.
The liability of a carrier for freight damaged, lost, or destroyed during shipment is determined by contract, statute, or Tort Law.
The responsibility for the payment of freight is a subject of a term of a sales contract between the buyer and seller of the goods to be shipped. When a contract contains a c.f. & i. provision, the buyer accepts liability for paying the cost of freight in addition to the costs of the goods and insurance on them.
freightnoun article of commerce, cargo, carload, consignment, freightage, goods, lading, load, onus, pay load, shipment
See also: cargo, load, merchandise, send