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Computerization of the Freight Operations Information System: FOIS enables management and control of freight movement, optimized asset utilization and the generation of invoices. Many of IR's larger freight customers pay through an electronic payment gateway interfaced with the FOIS. About 72 percent of the railway's freight revenue is paid ...
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.
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.
Freight carriers utilize the greater of the actual weight or dimensional weight to calculate shipping charges. Dimensional weight is calculated as (length × width × height) / (dimensional factor). Measurements can be made all in inches or all in centimeters, but the appropriate shipping factor must also be used.
Bunker adjustment factor, bunker surcharge or BAF refers to the floating part of sea freight charges which represents additions due to oil prices. [1] BAF charges used to be determined by Carrier Conferences to be applicable for a certain period on a certain trade route. The European Commission banned Carrier Conferences as of October 17, 2008 ...
FreightCenter acts as a conduit between freight carriers and commercial or residential shippers located in the United States and Canada. As a conduit, shippers use the provider's online freight quote calculator to calculate freight costs for less than truckload , truckload , rail , ocean and air freight .
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The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
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