At whatever point we go over the term freight, it is regular to consider expansive cargo planes or huge cargo ships and canal boats. In any case, the genuine 'freight definition' is the charge that should be paid for the transportation of good via air, land or ocean. In basic words, it is a technique for transporting products, merchandise, and cargo via land, ocean or air. Freight itself can be characterized as the products transported by truck, ship or plane. In addition, freight definition is regularly mistaken for the term 'shipping', be that as it may, there is a distinction amongst freight and shipping. The distinction being that "Shipping" is generally connected with a few products can be utilized for either business or individual purposes and can be related to littler vehicles like trucks, bicycle transport, and so on. Then again, "freight" is utilized for business purposes and vast vehicles like ships and planes.

FOB goal

FOB goal - the title of the merchandise goes from a vendor to a purchaser AT goal. That implies that merchant is in charge of misfortune or harm of merchandise until the point that shipment is conveyed to a purchaser. For instance, you purchased a car from Australia with FOB goal terms. For this situation in the event that anything happens to a car while it's been sent, you have NO obligations regarding that, and you won't need to pay for any harm or loss of the auto. You even don't need to purchase the car when it arrives, on the off chance that it is not in the worthy condition. All costs are dealt with by the merchant.

Freight Terms

There are two terms of freight mentioned below:

•    Freight out – This term is used to record the transportation expenses or conveyance costs when the vendor is in charge of conveyance (FOB destination). Therefore, the vendor will record the transportation cost as Freight – out, Transportation – out, or conveyance cost.

•    Freight in – This term is used to record the transportation expenses or conveyance costs when the purchaser is in charge of conveyance (FOB shipping point, FOB origin) (The purchaser will record this cost as Freight-In or Transportation-In.)