Okuzeka
International Trade vocabulary · Shipping and Transport

Freight

Meaning in international trade, with examples

/freɪt/nounCore term

In international trade, freight means: Goods carried by ship, plane, truck or train; also the charge paid for carrying them.

In Turkish: navlun, yük, taşıma ücreti

How it is used

In trade it most often means the transport cost: 'freight rate', 'freight prepaid', 'freight collect'. 'Ocean freight' and 'air freight' refer to the mode. It is usually uncountable: say 'the freight is high', not 'the freights are high'.

Example sentences

  1. Freight rates from Asia to Europe have dropped since last month.

  2. The bill of lading is marked 'freight prepaid' because we sold on CFR terms.

Common collocations

  • freight rate
  • freight prepaid
  • freight collect
  • ocean freight
  • air freight
  • freight forwarderA company that organizes the transport of goods for exporters and importers, booking space with carriers and often handling documents, insurance and customs.
  • containerA large metal box of standard size used to carry goods by ship, rail and truck without unloading the cargo when the transport mode changes.
  • CFRCost and Freight: an Incoterms rule in which the seller pays the sea freight to the destination port, but the risk passes to the buyer when the goods are on board at the port of loading.
  • cargo insuranceInsurance that covers goods against loss or damage while they are being transported by sea, air, road or rail.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Shipping and Transport

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