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A freight rate (historically and in ship chartering simply freight) 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.
The time charter equivalent (TCE) rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot charters, time charters and bareboat charters) under which the vessels may be employed between the periods.
Imperial shipping factor examples: 139 in 3 /lb <=> 12 lb/ft 3; 166 in 3 /lb <=> 10.4 lb/ft 3 - common for IATA shipments; 194 in 3 /lb <=> 8.9 lb/ft 3 - common for domestic shipments; 216 in 3 /lb <=> 8.0 lb/ft 3; 225 in 3 /lb <=> 7.7 lb/ft 3; 250 in 3 /lb <=> 6.9 lb/ft 3; Metric shipping factor examples: 5000 cm 3 /kg <=> 200 kg/m 3; 6000 cm ...
The National Motor Freight Classification (NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment.
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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.
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