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:
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.
Ready for the future of logistics?
Sign up here!