As Freighted

Summary of As Freighted

The process by which surcharges and accessorial charges on ocean freight are computed. Most ocean tariffs provide for freight to be assessed on cargo by weight (usually a ton) or measurement (usually a cubic meter or forty cubic feet), whichever provides greater revenue to the carrier. Units of weight and measurement applying to a given commodity will be specified in the tariff. When the as freighted method is used, all surcharges will be assessed on the same basis, i.e., unit of weight or measurement, used to compute the base freight. For example, if freight is charged on the basis of the metric ton, then a fuel adjustment surcharge will be assessed for each metric ton.

(Main Author: William J. Miller)

Definition of As Freighted in International Trade

The following is a concept of As Freighted in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): An explanatory note to a freight surcharge explaining that it is to be calculated in the same manner as the freight charge itself. Bunker adjustment factors are usually calculated on an “as freighted” basis. By contrast, currency adjustment factors are based on the total amount of freight payable, rather than on the number of revenue tons.