A transportation term meaning either goods being transported, and/or charges incurred for such transport.
1. Goods to be transported. The term is especially used in international commerce.
2. The cost of goods being transported, including the actual cost and the insurance. There are a number of ways for the buyer and seller of goods to divide responsibility for freight. See also: Incoterm.
goods that are in the process of being physically transported from a factory or depot to a customer by road, rail, sea or air, involving both domestically and internationally traded goods. The movement of goods may be done by the supplier's own distribution division or by independent fleet operators and FREIGHT FORWARDERS. See C. I. F., F. O. B.