Maximum Rate

Tags: Glossary

The highest rate that a carrier can charge for a particular service or shipment.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What does Maximum Rate refer to?

In the shipping context, Maximum Rate refers to the highest rate or price that a carrier can charge for transportation services. The maximum rate is often established by regulatory bodies or government agencies to prevent carriers from engaging in price gouging or other unfair practices. Maximum rates may vary by mode of transportation, geographic location, or other factors. 

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