The price charged by a carrier for the transportation of cargo from origin to destination, expressed per tonne, per container (TEU/FEU), or as a lump sum. Freight rates fluctuate based on supply and demand, fuel costs, route, and market conditions.
Category: Cargo & Trade
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Dry DockingThe process of placing a vessel in a dry dock for inspection, maintenance, repair, and painting of the underwater hull.FEUForty-foot Equivalent Unit, a measure of container capacity equal to two TEU, based on the standard 40-foot intermodal container.FOBFree On Board, an Incoterm under which the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment.Gross TonnageA measure of the overall internal volume of a vessel, calculated according to the International Convention on Tonnage Measurement of Ships (1969).IncotermsInternational Commercial Terms published by the International Chamber of Commerce (ICC) that define the responsibilities, costs, and risks between buyers and sellers in international trade transactions.LashingThe process of securing cargo aboard a vessel using chains, wires, ropes, turnbuckles, and other fittings to prevent movement during the voyage.
Back to DictionaryEntry updated May 2026