Charges for Air or Ocean Freight that is paid for by the exporter at the port of origin, for which the importer has already made the payment. The failure for a shipment to arrive does not deem the charge to be refundable.
More On This Topic
Link to This Definition
Did you find this definition of PREPAID FREIGHT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary