The remuneration payable by the charterers to owners, for the carriage of the goods.

Related Terms

FREIGHT RATE

The charge made for the transportation of freight.

VESSEL

Any craft designed for transportation on water, such as a ship or boat.

OPERATOR

The holder of a freight contract with a cargo shipper.

CFR

Cost & freight (named port of destination);

TI

Transportation institute, a non-profit organization devoted to maritime research and education.

SHIPPERS

Individuals or businesses who purchase transportation services or commodities.

PRISON HULK

A vessel used as a prison, often to hold convicts awaiting transportation to penal colonies; particularly common in the British Empire in the 18th and 19th centuries.

TROOPSHIP

A ship used to carry soldiers. Troopships are not specially designed for military operations and unlike landing ships cannot land troops directly onto a shore; instead they unload troops at a harbor or onto smaller vessels for transportation to shore.

CARRIER

Owner or operator of vessels providing transportation to shippers. The term is also sometimes used to refer to the vessels, i.e. ore carriers.

FREE ON BOARD

The cost of a product before transportation costs are figured in.

Related questions

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