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Freight rate. 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.
Worldscale. Worldscale is a unified system of establishing payment of freight rate for a given oil tanker 's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result.
Intermodal freight transport. Intermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation (e.g., rail, ship, aircraft, and truck ), without any handling of the freight itself when changing modes. The method reduces cargo handling, and so improves security ...
The term "cost, insurance, freight" or "c.i.f." predates the introduction of Incoterms. Craighall noted in a 1919 article that in "earlier times" the initials were usually written "C. F. & I.": he quotes the phrase "C. F. & I. by steamer to N.Y." used in a shipping contract addressed in the New York State case of Mee v. McNider (1886).
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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).
The largest percentage of US freight is carried by trucks (60%), followed by pipelines (18%), rail (10%), ship (8%), and air (0.01%). [10] Other modes of transportation, such as parcels and intermodal freight accounted for about 3% of the remainder. Air freight is commonly used only for perishables and premium express shipments.
At 2.6 m (8 ft 6 in) wide, it allows for 2.5 m (8 ft 2 in) wide Euro shipping containers, [22] which are designed to carry Euro-pallets efficiently [8] [23] W10: Allows 2.9 m (9 ft 6 in) high Hi-Cube shipping containers to be carried on standard wagons [20] and also allows 2.5 m (8 ft 2 in) wide Euro shipping containers. [22] Larger than UIC A. [8]
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