freight

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Freight

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.

freight

noun article of commerce, cargo, carload, consignment, freightage, goods, lading, load, onus, pay load, shipment
See also: cargo, load, merchandise, send

freight

the amount payable by a charterer or shipper to a shipowner for the letting of the ship or space therein for the carriage of goods by sea. Advance freight is payable to a shipowner on the signing of a bill of lading or on shipment instead of on delivery of the goods; such freight is not normally returnable in the event of the ship or the goods being lost before the start of the voyage.
References in periodicals archive ?
Part 1 - the subject of the contract is to provide services to the contracting authority, which consists in providing meals - lunches for employees freightage in the dispenser locomotive depot Zvolen.
Freightage will be increased US$800 per 40-foot-equivalent (FEU) containers to be shipped from Asia to western American ports, US$1,000 per FEU for containers shipped from Asia to eastern American ports and the Gulf Coast, and US$1200 per FEU for those moving inland in the U.
The new parking meters aims to provide motorists with an adequate number of parking spaces after the Department of Transport and Freightage received a number of complaints about a lack of parking spaces near Corniche Street.
Institutional investors added that the firm's good revenue could be attributed to rising freightage on European routes in June, which drove up revenues in July.
Also in Sharjah, Abdul Rahman Ahmed Al Mahmoud, Head of the Transport and Freightage Department at the emirate's municipality, said parking will be free till National Day holiday is over.
The first phase will be launched in May and will incorporate three icons, the new municipality headquarters, the Blue Souq and Majlis Al Midfa," said Fatima Al Amir, head of Electronic Services at Transport and Freightage Department, Sharjah Municipality.
A route from August this year, making its freightage reach the highest in two months, with the route being 90% loaded to help EMC return to profit from loss in the third quarter.