The agreed rate for carrying the cargo, payable by charterers to owners in accordance with the charter party. In deep-sea trades it is usually in US dollars In short-sea trades it may be in a local currency.
What is freight?
The agreed rate for carrying the cargo, payable by charterers to owners in accordance with the charter party. In deep-sea trades it is usually in US dollars In short-sea trades it may be in a local currency.
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