Carrier usually charge freight based on the actual weight or volume weight whichever is greater. The greater weight is called Chargeable Weight.
Volume weight is calculated as blow.
⛴ For ocean shipment (Standard Maritime Allowence), the volume weight is calculated as 1 CBM per 1000 kgs
✈ For airshipment (IATA Allowence), the volume weight is calculate as 166 cubic inches per 1lb, or 6000 cubic cm as 1kg
⛟ For Road transportation (RHA-Road Haulage Allowence), the volume weight is 3 CBM per 1000 kgs.
20' Dry Cargo Container: 5.89x2.35x2.38m (33CBM)
40' Dry Cargo Container: 12.0x2.35x2.38m (67CBM)
40HQ Dry Cargo Container: 12.0x2.35x2.69 (76CBM
45' Dry Cargo Container: 13.55x2.35x2.70 (86CBM)
BAF - Bunker Adjustment Factor - an adjustment to shipping companies' freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships.<
GRI - General Rate Increase
THC - Terminal Handling Charge
Port Congestion Surcharge
PSS Peak Season Surcharge
AWB - Airway Bill
B/L - Bill of Lading
Certificate of Origin
FOB - Free on Board (named port of origin) - Under FOB terms the seller bears all costs and risks up to the point the goods are loaded on board the vessel. The seller must also arrange for export clearance.
CFR - Cost and Freight (named of port of destination) - The seller pays for the carriage of the goods up to the named port of destination. Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export.
CIF - Cost, Insurance and Freight (named port of destination) - This term is broadly similar to the above CFR term, with the exception that the seller is required to obtain insurance for the goods while in transit to the named port of destination.
DDU - Delivered Duty Unpaid (named place of destination) - This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. A transaction in international trade where the seller is responsible for making a safe delivery of goods to a named destination, paying all transportation expenses but not the duty.
DDP - Delivered Duty Paid (named place of destination - Seller is responsible for delivering the goods to the named place in the country of the buyer, and pays all costs in bringing the goods to the destination including import duties and taxes.
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