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 ?
The 777 freighter is based on the technologically advanced 777-200LR (longer range) passenger airplane and can fly 4,900 nautical miles (9,070km) with a full payload of 225,200 pounds (102 metric tonnes).
Also, two Boeing 767-300 freighters were delivered internally to ATSG subsidiary airline Air Transport International, to be operated for external customers under ACMI agreements that extend well into 2019.
The 980 new medium and large freighters and 1,670 converted freighters will go toward replacing older airplanes and growing the global fleet to meet demand, according to the new World Air Cargo Forecast, released by Boeing today at The International Air Cargo Association's Air Cargo Forum and Exhibition.
The 777 Freighter also uses 18 percent less fuel compared to the airplanes it replaces, and provides quieter takeoffs and landings that meet airport noise standards.
A weekly scheduled Qatar Airways Cargo Boeing 777 freighter started operating from Doha to Beirut.
Boeing pointed out that the 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter airplane, while providing enhanced environmental performance.
Airbus EADS approves A350 XWB; Airbus plans five variants, including freighter. Airbus parent EADS' board gave its approval late Friday for the industrial launch of the A350 XWB, the first of which will enter service in 2013.
Qatar Airways Cargo is the world's third largest international cargo carrier and serves more than 60 exclusive freighter destinations worldwide via its Doha hub
Emirates SkyCargo, the world's largest international cargo airline, has operated the first of its scheduled weekly freighter service to Luxembourg on June 12.
Summary: SkyCargo, the freight division of Emirates, has significantly boosted its total cargo capacity and expanded its dedicated freighter network with the addition of three new Boeing 777F aircraft.
Steve Rimmer, Guggenheim Aviation Partners' CEO, said buying a freighter conversion was a better choice in the current economy.
Royal Jordanian signed a lease agreement, initially for six months, with Jordan's Transworld for a Boeing 737 freighter. Royal Jordanian will begin flying the aircraft to Baghdad and Damascus.