Freight Rates
Freight rates refer to the price charged for the transportation of goods by sea. These rates are determined by a variety of factors, including the type of cargo being transported, the distance between the ports of origin and destination, the size and capacity of the vessel, and the current market conditions. Freight rates can be quoted in a variety of ways, including per ton, per container, or per cubic meter. They can also be influenced by additional charges, such as fuel surcharges, port fees, and insurance costs. Freight rates are a critical component of the maritime industry, as they impact the profitability of shipping companies and the cost of goods for importers and exporters.
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