Freight Rate refers to the unit price charged by a carrier for transporting goods, typically calculated per freight ton, per container, or per kilogram. In foreign trade, the freight rate is a key factor for both buyers and sellers in cost calculation, determining trade terms (such as FOB, CIF, CFR), and quoting prices. It applies to sea, air, land, and multimodal transport, especially in ocean shipping where rates fluctuate frequently due to route, cargo nature, season, fuel surcharges, etc. Note: Freight rates usually exclude surcharges (such as BAF, CAF, THC), so confirm whether it is an all-in rate; quotes vary greatly among shipping lines or forwarders, so compare total costs; freight rate differs from 'freight' (total amount = rate × chargeable weight/volume). Compared with 'rate', freight rate is more specific to transport services. Foreign trade practitioners should update freight rates promptly and specify rate composition and adjustment mechanisms in contracts to avoid disputes.
📝 Examples
1. Please provide the freight rate for a 40HQ from Shanghai to Hamburg, including all surcharges. (Note: Requesting an all-in rate for quotation helps calculate CIF cost.) 2. Due to tight space in peak season, the shipping line raised the freight rate on the Asia-US West Coast route, up by USD 300 per FEU. (Note: Freight rate fluctuations affect export quotations, so customers should be informed promptly.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
For unfamiliar terms, use GlobalSync's multilingual email helper to confirm with your partner