Sea Freight

Sea Freight
Normally set by the shipping line or group of shipping lines (called Conference Lines) in US dollars per cubic meter per 1000 kg for Less than a Container Load (LCL) or by Full Container Load rate (FCL). Rates are also in the other major currencies. This freight cost can include Bunkerage Adjustment Factor (BAF) and Currency Adjustment Factor (CAF) within the rate (and state the fact) or show it separately. Example $USD1,000 + BAFCAF positive 10% gives a total freight rate of $US 1,100. Suggestion 1: Make sure your rates show CAF and BAF separately to accurately track all changes. Suggestion 2: Normally all rates are set on a “Freight All Kinds” (FAK) basis, but shipping lines do have other rates for some goods; if in doubt ask the question visit www.foreigntradeacademy.in