Freight definition:
The money paid by a person for the transportation of goods.
From time to time, the law gives specific names to the amount of money paid pursuant to contract for a particular service such as for the lease of real estate, rent.
FREIGHT - The money charged by the carrier for transporting goods.
Mar. Law, Contracts.
by some particular shipper, and binds himself to deliver them in similar condition, unless the perils of the sea, fire or enemies prevent him, to the consignees of the shippers at the point of destination on their paying him the stipulated freight.
FREIGHT, mar. law, contracts. The sum agreed on for the hire of a ship, entirely or in part, for the carriage of goods from one port to another; l3 East, 300, note; but in, ...
Cost and freight
Definition - adj
: including the cost of goods being shipped and the freight charges
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The advancement of money due for the cost of freight depends on the contract or course of dealing between the factor and principal.
Cif An acronym for Cost, Insurance, and Freight. CIF is an international commercial term used to describe who will pay these fees when goods are transported by sea (and it's sometimes used to describe air freight as well).
DEMURRAGE (from "demur," Fr. demeurer, to delay, derived from Lat. mora), in the law of merchant shipping, the sum payable by the freighter to the shipowner for detention of the vessel in port beyond the number of days allowed for the purpose of ...
a receipt obtained by the shipper of goods from the carrier (trucking company, railroad, ship or air freighter) for shipment to a particular buyer.
a mortgage contract in which a ship and/or its freight is pledged as security for a loan for equipment, repair, or use of a vessel. The contract is generally called a "bottomry bond.
(n) Bottomry is the contract of pledging the ship, vessel, freight etc as security for repayment of debts for machine, equipment, repair, lease of vessels etc
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Term: Carrier
Definition: One engaged in the transportation of goods or freight; an insurance company.
Term: Case Law
Definition: Reported court decisions forming the body of jurisprudence.
Carrier
One engaged in the transportation of goods or freight; an insurance company.
Case Law
Reported court decisions forming the body of jurisprudence.
a contract between the owner of a vessel and one who seeks to rent (or charter) the vessel for the transport of goods. The contract should contain details about the vessel, who will operate the vessel, the type and amount of the freight, ...
 See also: Person, Right, Attorney, Attorn, Law
  
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