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Difference between Carriage, Freight, Octroi etc

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Sreshta asked over 2 years ago

Sir/Madam, Can anyone please clarify me the difference between Carriage, Freight and Octroi? Thanks and Regards in advance

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chirag answered over 2 years ago

Freight and carriage are synonymous terms. In accounting terminology, 'freight' is used by Americans whereas British use the word 'carriage'. Cost and Freight is usually abbreviated as CNF. It means that the invoice amount consists of cost as well as freight. The payment of freight is made by the seller, hence included in the invoice.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Bhavya Shah answered over 2 years ago

FREIGHT : Payment for transportation of goods or items. OCTROI : is a local tax collected on various articles brought into a district for consumption. CARRIAGE : Carriage refers to the cost of transporting goods into a business from a supplier, as well as the cost of transporting goods from a business to its customers. Carriage inwards is the shipping and handling costs incurred by a company that is receiving goods from suppliers.

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