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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.
Year-average daily charter rates for a 1-TEU (14-tonne) slot have varied from $2.70 to $35.40 between 2000 and 2010. UNCTAD also tracks container freight rates. Freight rates are expressed as the total price in U.S. dollars for a shipper to transport one TEU worth of cargo along a given route. [60]
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.
The length can be around 240 m and the width around 42 m. This gives a weight of around 100,000 metric ton. Wet cargo Aframax, oil tankers between 75,000 and 115,000 DWT. This is the largest size defined by the average freight rate assessment (AFRA) scheme. Q-Max, liquefied natural gas carrier for Qatar exports. A ship of Q-Max size is 345 m ...
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains ...
Clause 2 — The loading capacity of containers must be such that their total weight (load, plus tare) is: 5 tonnes (4.92 long tons; 5.51 short tons) for containers of the heavy type; 2.5 tonnes (2.46 long tons; 2.76 short tons) for containers of the light type; a tolerance of 5 percent excess on the total weight is allowable under the same ...
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