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For example, a person in Miami purchasing equipment from a manufacturer in Chicago could receive a price quote of "$5000 FOB Chicago", which would indicate that the buyer would be responsible for the shipping from Chicago to Miami. If the same seller issued a price quote of "$5000 FOB Miami", then the seller would cover shipping to the buyer's ...
In shipping, the stowage factor indicates how many cubic metres of space one tonne (or cubic feet of space one long ton) of a particular type of cargo occupies in a hold of a cargo ship. [1] It is calculated as the ratio of the stowage space required under normal conditions, including the stowage losses caused by the means of transportation and ...
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
For example, passenger ferry of a given size would require substantially more work to build than a bulk carrier of the same size due to the differing design requirements, internal structure, and required level of detail, but simply comparing the gross tonnage or deadweight of each ship would incorrectly show that they took the same amount of ...
Shipping costs have historically been calculated on the basis of gross weight in kilograms or pounds. By charging only by weight , lightweight, low density packages become unprofitable for freight carriers due to the amount of space they take up in the truck/aircraft/ship in proportion to their actual weight.
The cost basis of an asset is important to you for two primary reasons – tax planning and investment planning. These two reasons are related because only with the proper investment planning can ...
The net tonnage calculation is based on a number of factors, one of which is the moulded draft d.The choice of the value to use for d can be complicated. For ships subject to the International Convention on Load Lines, the Summer Load Line draft is used, with the exception of cases where that is a timber load line.
Example of cost basis. Let’s say you buy 50 shares of Company A for $20 per share. The total cost of this purchase is $1,000 (50 shares x $20). This becomes your cost basis. A few years later ...