Application of Rates

Application of Rates refers to the process of determining the charges or fees that apply to the transportation of goods by a shipping carrier. It is an essential part of the shipping industry, as it ensures that the carrier is compensated fairly for the services provided.

In the shipping industry, rates are typically determined by a number of factors, including the weight and volume of the cargo, the distance to be transported, and the mode of transportation used. Carrier rates may also vary depending on other factors, such as the type of cargo being shipped, the level of service required, and the origin and destination of the shipment.