The saying “When China sneezes, the world catches a cold” sums up the global economy’s dependence on China. Bearing in ...
← Logistics Dictionary
Franking
What is a Franking?
In the transport and logistics industry, franking determines who bears the costs of transporting a shipment. It is part of the transport contract concluded between the customer and the carrier before the goods are dispatched.
There are basically two types of franking:
- If a consignment is "carriage forward", the recipient must pay the transport costs. Franking "carriage forward" means the recipient of the goods must take care of the transport.
- If a consignment is described as "postpaid" or "free", this means that the sender pays the freight costs.
In practice, there are often other costs to be regulated such as the assumption of insurance, costs for any necessary documents and certificates, and the transfer of risk of the goods.
You may also be interested in these articles
Keyboard by day – hockey stick by night
Olaf Schoningh works at DHL Freight and plays for the Dutch national ice hockey team. All winter sports fans are ...
Good Distribution Practice: How Does It Impact Pharmaceutical Logistics?
Good Distribution Practice (GDP) is a set of Europe-wide guidelines and standards for the distribution of pharmaceuticals. These guidelines ensure ...