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For example, a box of clothing shipped internationally which weighs 10 pounds and measures 18 × 18 × 18 inches would be charged as if it weighed 36 pounds: (18 x 18 x 18)/166 = 35.1 pounds which is then rounded up to 36 pounds for shipping cost purposes. The 35.1 pounds is the 'theoretical" weight of the package if it had a density of 166 in ...
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
Similar in concept to the groupings or grading systems used in other industries, with the NMFC, commodities are grouped into one of 18 classes—from a low of class 50 to a high of class 500. [1] Classification is based on an evaluation of four transportation characteristics: density, stowability, handling and risk or liability.
In negotiating a price to pay, the above table is referred to as WS100 or 100% of Worldscale. The actual price negotiated between shipowner and charterer can range from 1% to 1000% and is referred to respectively as WS1 to WS1000, depending on how much loss the first is willing to take on that voyage and how much the latter is willing to pay.
TI-HI, Ti-High, Tie-High, or Ti by Hi is a term often used in the logistics industry.. It refers to the number of boxes/cartons stored on a layer, or tier, (the TI) and the number of layers high that these will be stacked on the pallet (the HI). [1]
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