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A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1] It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains, and trucks.
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.
FFE Transportation Services, Inc. is the primary operating subsidiary of Frozen Food Express Services, Inc. The company is a Lancaster, Texas based temperature-controlled transportation company founded in 1943. It provides temperature controlled transportation services for over-the-road transportation.
The list of hull classifications comprises an alphabetical list of the hull classification symbols used by the United States Navy to identify the type of a ship.. The combination of symbol and hull number identify a modern Navy ship uniquely.
The United States Navy, United States Coast Guard, and United States National Oceanic and Atmospheric Administration (NOAA) use a hull classification symbol (sometimes called hull code or hull number) to identify their ships by type and by individual ship within a type.
A carrier is an entity that actually transports goods and may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, including multiple modes for a single shipment. [4] For example, the freight forwarder may arrange to have cargo moved from a plant to an airport by truck, flown to the destination city and then moved ...
International DTD is a service provided by many international shipping companies and may feature intermodal freight transport using containerized cargo. The quoted price of this service includes all shipping, handling, import and customs duties, making it a hassle-free option for customers to import goods from one jurisdiction to another. This ...