Freight rate
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| Admiralty law |
|---|
| History |
| Ordinamenta et consuetudo maris Amalfian Laws Hanseatic League |
| Features |
| Freight rate · General average Marine insurance · Marine salvage Maritime lien · Ship mortgage Ship registration · Ship transport Shipping |
| Contracts of affreightment |
| Bill of lading · Charter-party |
| Types of charter-party |
| Bareboat charter · Demise charter Time charter · Voyage charter |
| Parties |
| Carrier · Charterer · Consignee Consignor · Shipbroker · Ship-manager Ship-owner · Shipper · Stevedore |
| Judiciary |
| Admiralty court Vice admiralty court |
| International conventions |
| Hague-Visby Rules Hamburg Rules Rotterdam Rules UNCLOS Maritime Labour Convention |
| International organisations |
| International Maritime Organization London Maritime Arbitrators Association |
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. Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo.
For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile.[2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
In ship chartering, freight is the price which a charterer pays a shipowner for the use of a ship in a voyage charter.[3]
[edit] References
- ^ Oxford English Dictionary s.v. freight
- ^ Coal Transportation: Rates and Trends
- ^ Maritime knowhow website: The Freight
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