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Tonnage. Tonnage is a measure of the capacity of a ship, and is commonly used to assess fees on commercial shipping. The term derives from the taxation paid on tuns or casks of wine. In modern maritime usage, "tonnage" specifically refers to a calculation of the volume or cargo volume of a ship.
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.
International: 166 cubic inches per pound (6,000 cm 3 /kg) or 1 ⁄ 6 kg/dm 3 (10 lb/cu ft) (Global Express Guaranteed only) Domestic: 194 cubic inches per pound (7,000 cm 3 /kg) or 1 ⁄ 7 kg/dm 3 (8.9 lb/cu ft) (Priority Mail only, parcels delivered to Zones 5-9 that exceed one cubic foot / 1,728 cubic inches.)
The Net tonnage calculation is defined in Regulation 4 of Annex 1 of The International Convention on Tonnage Measurement of Ships, 1969. It is based on three main variables: V c, the total volume of the ship's cargo spaces in cubic meters (m³), d, the ship's moulded draft amidships in meters, and; D, the ship's moulded depth amidships in metres
The gross tonnage calculation is defined in Regulation 3 of Annex 1 of The International Convention on Tonnage Measurement of Ships, 1969. It is based on two variables, and is ultimately an increasing one-to-one function of ship volume: V, the ship's total volume in cubic metres (m 3), and; K, a multiplier based on the ship volume.
e. The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...