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Out of gauge cargo – For most international shipping, cargo that cannot be packed within a 40' high cube container is out of gauge. It may be possible to pack such cargo in specialty containers. Open top containers are suitable for too-tall cargo and flat rack containers can accommodate over height, over width or over weight cargo.
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.
The Moorsom System is a method created in the United Kingdom of calculating the tonnage or cargo capacity of sailing ships as a basis for assessing harbour and other vessel fees. It was put into use starting in 1849 and became British law in 1854.
A multi-purpose ship (sometimes called a general cargo ship) is used to transport a variety of goods, from bulk commodities to break bulk and heavy cargoes. To provide maximum trading flexibility they are usually geared (supplied with cranes), and modern examples are fitted for the carriage of containers and grains .
Cost basis in investments: What it is and how to calculate it. Cost basis is the original value of an investment, typically the price you bought it for. It’s used to calculate capital gains or ...
The buyer pays for all costs beyond that point, including unloading. Responsibility for the goods is with the seller until the goods are loaded on board the ship. Once the cargo is on board, the buyer assumes the risk. Ship loading at a wharf. The use of "FOB" originated in the days of sailing ships.
When the cargo is being shipped by several different shipping companies on the same vessel, there will usually be separate bills of lading for each company, but only a single consolidated cargo manifest. On the other hand, if the cargo contains dangerous goods, there may be a separate dangerous cargo manifest. A manifest can be exchanged for ...
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship.