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Freight rate. A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
Dimensional weight, also known as volumetric weight, is a pricing technique for commercial freight transport (including courier and postal services ), which uses an estimated weight that is calculated from the length, width and height of a package. The shipping fee is based upon the dimensional weight or the actual weight, whichever is greater.
This railroad can typically deliver containers in 1/3 to 1/2 of the time of a sea voyage, and in late 2009 announced a 20% reduction in its container shipping rates. With its 2009 rate schedule, the TSR will transport a forty-foot container to Poland from Yokohama for $2,820, or from Pusan for $2,154.
Intermodal container. A 40-foot-long (12.2 m) shipping container. Each of its eight corners has an essential corner casting for hoisting, stacking, and securing. Containers stacked on a large ship. An intermodal container, often called a shipping container, or cargo container, (or simply “container”) is a large metal crate designed and ...
Shaft Horsepower (SHP) – The amount of mechanical power delivered by the engine to a propeller shaft. One horsepower is equivalent to 746 Watts. Tonnage – a number derived from any of several methods to calculate the volume or other number indicative of a ship's cargo carrying capacity. Gross tonnage – GT – Not expressible in units of ...
A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
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