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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.
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 ...
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 ...
Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] 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.
The air waybill is the most important document issued by a carrier either directly or through its authorized agent. It is a non-negotiable transport document that covers the transport of cargo from airport to airport. An air waybill (AWB), also known as an air consignment note, is a type of bill of lading. By accepting a shipment, an IATA cargo ...
Cargo airline. A Boeing 777F of FedEx Express, which is the largest cargo airline in the world. A Boeing 747-400F of Cargolux. Cargo airlines (or air freight carriers, and derivatives of these names) are airlines mainly dedicated to the transport of cargo by air. Some cargo airlines are divisions or subsidiaries of larger passenger airlines.
The term landbridge or land bridge is commonly used in the intermodal freight transport sector. When a containerized ocean freight shipment travels across a large body of land for a significant distance, that portion of the trip is referred to as the "land bridge" and the mode of transport used is rail transport. There are three applications ...
v. t. e. In transportation, freight refers to goods conveyed by land, water or air, [1] while cargo refers specifically to freight when conveyed via water or air. [2][3] In economics, freight refers to goods transported at a freight rate for commercial gain. The term cargo is also used in case of goods in the cold-chain, because the perishable ...
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