Minimum Rate

Tags: Glossary

The lowest rate that a carrier will 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 is the Minimum Rate?

The Minimum Rate in shipping refers to the minimum amount that a carrier will charge for transportation services per unit of weight or volume. The Minimum Rate is often used to cover the fixed costs of transportation and may vary depending on the mode of transportation, distance, and other factors. 

Related Glossary terms

Accessorial Charges

Advanced Charge

Chargeable Weight

Freight Charge

Maximum Rate

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