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The Baltic Exchange, on a daily basis, publishes a number of freight assessments for various shipping routes reflecting the prevailing level of shipping rates. Such assessments for the corresponding vessel classes are used to calculate the monthly average that freight futures settle against.
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.
Real-time shipping calculation Information about if shopping carts have real-time shipping calculation built-in to allow calculating how much it will cost to ship an order in real time when the customer checks out an order.
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. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
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U.S. Domestic: 139 cubic inches per pound (5,000 cm 3 /kg) or 1 ⁄ 5 kg/dm 3 (12 lb/cu ft) (Daily rates only, for packages that exceed one cubic foot / 1,728 cubic inches.) U.S. Domestic: 166 cubic inches per pound (6,000 cm 3 /kg) or 1 ⁄ 6 kg/dm 3 (10 lb/cu ft) (Retail rates only, for all packages. Daily rates only, for packages equal to or ...
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