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Freight Rate, the cost of transporting goods, is reflective of a number of factors aside from normal transportation costs. The main determining factors of freight rate are: mode of transportation (truck, ship, train, air craft), weight, size, distance, points of pickup and delivery, and the actual goods being shipped.
A 20-foot-long (6.1 m) ISO container equals 1 TEU. Two forty-foot containers stacked on top of two twenty-foot containers. These four containers represent 6 TEU. The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports. [1]
Note that for the USPS there are two different calculations for DIM weight: (L × W × H)/194 for domestic shipments and (L × W × H)/166 for international shipments. Several programs are available to calculate dimensional weight: Dim Weight Calculator.
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.
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or ISO containers ). [1] Containerization, also referred as container stuffing or container loading, is the process of unitization of cargoes in exports. Containerization is the predominant form of unitization of export cargoes, as opposed to other systems such as the ...
Net tonnage is calculated by measuring a ship's internal volume and applying mathematical formulae. Net tonnage ( NT, N.T. or nt) is a dimensionless index calculated from the total moulded volume of the ship's cargo spaces by using a mathematical formula.