Search results for: “freight rate”
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Tariff (Freight)
A document issued, usually in booklet form, by a Common Carrier (read this and related legal terms for further details) listing its charges for transportation services. Commonly, the rate, or cost of transportation, vari…
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Proportional Rate
A freight rate that is constructed by adding separate joint or local rates applying to a through movement. A proportional rate, unlike a Combination rate (read this and related legal terms for further details), is applic…
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Predatory Rate
An ocean freight rate set intentionally low so as to drive out competition. Soviet flag carriers, animated by motives other than commercial profit, were widely criticized for establishing predatory rates. Certain noncommunist carriers, enjoying heavy state subsidies, were also suspected of setting p…
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Open Rate
A freight rate that is not set by a Conference (read this legal term for further details) and is therefore negotiable. An open rate may result from the absence of a conference rate agreement, or similar rate-setting scheme over a given trade route…
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Noncontract Rate
The freight rate applicable to commodities shipped by a firm that has not executed an exclusive patronage contract (read this and related legal terms for further details)….
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Missionary Rate
A freight rate established a: a particularly low level as an impetus to an infant industry….
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International Tanker Nominal Freight Scale
A schedule of nominal rates for movements of tankers between world ports. Publication was ceased in 1969; it has been succeeded by Worldscale (read this and related legal terms for further details)….
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Distress Freight
Cargo carried by a ship at a depressed freight rate because, in the absence of that cargo, the vessel would be obliged to sail empty or nearly so to its next port. The term is used most commonly in connection with tramp vessels….
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Differential Rate
A freight rate derived by compiling existing intermediate rates; this process is used where no through rate exists between the points of origin and destination….
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Directional Rate
A freight rate reduced for cargo moving in a direction where cargo is light, for the purpose of stimulating movements. Under such circumstances, it is quite possible that the rate for the same product moving in the other direction (where tonnage is heavy) may be significantly higher….
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Contract Rate
In the steamship industry, the freight rate applicable to goods shipped by a firm that has executed an exclusive patronage contract (read this and related legal terms for further details) with a Conference (<a href="…
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Combination Rate
An inland freight rate from point of origin to destination derived by adding two or more intermediate rates….
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Block Rate
A reduced rail freight rate levied on movements of ten or more cars at one time from one shipper to a simple consignor….
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Any Quantity Rate
A freight rate applicable to a specific commodity irrespective of the quantity shipped, without provision for quantity discounts….
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Actual Value Rate
A freight rate applicable to certain commodities where, depending upon the actual goods, value may vary greatly. For example, the classification "scientific instruments" may embrace low-value laboratory glassware or high-value precision instruments. In such cases, the shipper must declare …