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.
|
