Admiralty law
History
Amalfian Laws Hanseatic League
Features
Freight rate · General average Marine insurance · Marine salvage Maritime lien · Ship transport · Shipping
Contracts of affreightment
Bill of lading · Charter-party
Types of charter-party
Bareboat charter · Demise charter Time charter · Voyage charter
Parties
Carrier · Charterer · Consignee Consignor · Shipbroker · Ship-manager Ship-owner · Shipper · Stevedore
Judiciary
Admiralty court Vice admiralty court
International conventions
Carriage of Goods by Sea Act Hague-Visby Rules Hamburg Rules Rotterdam Rules UNCLOS
International organisations
International Maritime Organization London Maritime Arbitrators Association
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A freight rate is a price at which a certain cargo/freight is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, aircraft), the weight of the cargo, and the distance to the delivery destination. 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.^[1] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.

[edit] References

1. ^ Coal Transportation: Rates and Trends

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