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Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
FOB (shipping) FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
Cost of poor quality (COPQ) or poor quality costs (PQC) or cost of nonquality, are costs that would disappear if systems, processes, and products were perfect.. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor-Quality Cost. [1]
Cambridge Energy Research Associates, Global Insight, Carfax, Inc. Website. ihsmarkit .com. IHS Markit Ltd was an information services provider that completed a merger with S&P Global in 2022. [ 6][ 2] Headquartered in London, it was formed in 2016 with the merger of IHS Inc. and Markit Ltd. [ 7][ 8][ 9]
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 barge system or palletization. [ 2] The containers have standardized dimensions.
The iceberg transport cost model is a commonly used, simple economic model of transportation costs. It relates transport costs linearly with distance, and pays these costs by extracting from the arriving volume. The model is attributed to Paul Samuelson 's 1954 article in Deardorffs' Glossary of International Economics. [1]
Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well.