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  2. Freight rate - Wikipedia

    en.wikipedia.org/wiki/Freight_rate

    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.

  3. FOB (shipping) - Wikipedia

    en.wikipedia.org/wiki/FOB_(shipping)

    FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...

  4. Incoterms - Wikipedia

    en.wikipedia.org/wiki/Incoterms

    Incoterms 2020 is the ninth set of international contract terms published by the International Chamber of Commerce, with the first set having been published in 1936. Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. [6] One rule of the 2010 version ("Delivered at Terminal"; DAT) [7] was removed, and is replaced by a ...

  5. Freight transport - Wikipedia

    en.wikipedia.org/wiki/Freight_transport

    Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.

  6. Demurrage - Wikipedia

    en.wikipedia.org/wiki/Demurrage

    Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. [3] The inverse of demurrage is despatch. If the charterer requires the use of the vessel for less time than ...

  7. Dimensional weight - Wikipedia

    en.wikipedia.org/wiki/Dimensional_weight

    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.

  8. Less-than-truckload shipping - Wikipedia

    en.wikipedia.org/wiki/Less-than-truckload_shipping

    Less-than-truckload shipping or less than load ( LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers.

  9. Freight forwarder - Wikipedia

    en.wikipedia.org/wiki/Freight_forwarder

    Definition and functions. A freight forwarder is an entity who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers. [3] A carrier is an entity that actually transports goods and may use a variety of shipping modes, including ships, airplanes, trucks ...

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