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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.
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.
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. A large table was created as result.
XPO LTL facility in Tomah, Wisconsin formerly a Con-way Freight terminal. Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. [1] Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 ...
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.
V, the ship's total volume in cubic metres (m 3), and; K, a multiplier based on the ship volume. The value of the multiplier K increases logarithmically with the ship's total volume (in cubic metres) and is applied as an amplification factor in determining the gross tonnage value. K is calculated with a formula which uses the common or base-10 ...
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