Check out our Industrial terms glossary
Free at destination
It indicates that the seller retains liability for loss or damage until the goods are delivered to the buyer
Free on truck (FOT)
A contractual clause of international shipping documents that deals with delivery conditions. The risks and shipping costs are borne by the supplier until the goods are loaded onto the vehicle.
Freight
Freight refers to: 1. any type of goods, items or commodities that are transported in bulk via air transport, surface transport or sea/ocean transport. 2. the amount paid for the transportation of goods via any means or the combination of transport systems.
Freight village
Infrastructure that includes a rail link, facilities for haulers and freight forwarders and warehouses for the handling and storage of goods. Many operators use this centre to exploit the advantages that come from such close proximity and also to integrate their activities. These structures are intended for intermodal transport and are not generally large. They are often managed by private individuals and tend to choose their names by borrowing heavily from the names of higher-ranking structures.
