GlossaryEN1 min readUpdated: Jun 22, 2026
Freight offer
A freight offer is a binding price quotation issued by a forwarder or carrier for a specifically defined shipment.
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Source: https://www.freightos.com/freight-resources/freight-quote/
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Incoterms 2020 Simulator: Who bears costs & risk?
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Definition & Explanation
A freight offer is a binding price quotation issued by a forwarder or carrier for a specifically defined shipment. It sets out the total cost, the applicable transport conditions, included services such as customs clearance or cargo insurance, and a validity period – essential because freight rates fluctuate with market capacity and can change rapidly. Shippers typically request multiple quotes and evaluate not only price but also transit times, routing options, and liability coverage. A freight offer must be distinguished from a freight indication, which provides non-binding rate guidance only and carries no contractual weight.
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