Outrageously Funny Word Dictionary :: Overfreight

👉 Overfreighted is a term used in international trade and shipping to describe goods that are over the weight limit of a container or shipping containers. This means that the cargo is being carried with more volume than what it can be loaded onto the ship, thus exceeding its capacity. For instance, if a company wants to transport 100 tons of steel from China to the United States, they will need to use a large container to accommodate the additional weight. However, if they overcharge for using

overfreighted

👉 Overfreight refers to the additional costs associated with transporting goods through a country's borders, which are not covered by the usual customs duties and taxes. This can result in higher costs for both the exporter and the importer of goods. In practice, overfreight is often used when the exporter has to pay more than what they would otherwise have to pay due to customs procedures or other regulatory requirements. For example, if an exporter needs to import a product from another country that does not require customs duties

overfreight