Abstract: A retractable cargo cover arrangement (10) for the interior of the cargo hold (200) of a freight carrier wherein the cover arrangement (10) includes a generally elongated rectangular cover member (20) fabricated from a sheet of waterproof material (21) and having an upper end affixed to, and wrapped around, a spring loaded retraction cylinder (22) and a lower end affixed to an elongated dowel (24) in a window shade fashion; wherein, the arrangement further includes a first pair of brackets (30), (40) for suspending the upper portion of the cover member (20) in the upper portion of the cargo hold (200) and a second pair of brackets (60) (70) for releasably engaging the lower portion of the cover member (20) in the lower portion of the cargo hold (200) to prevent water damage to the cargo (100) contained within the cargo hold (200).