When it comes to freight rates, you don't always get a fixed price. Rates are quoted as "weight measure" (WM) or "volume metric" (VM), it's up to you to calculate the actual cost based on a formula. Alan Bracken from ABTS® explains the formula for each and how to calculate the rate.
0:00 Introduction
1:30 Sea Freight Rates - Weight Measure Formula
2:34 Weight Measure Example
4:05 Air Freight Rates
4:50 Volume Metric Formula
6:20 Volume Metric Formula - Example One
7:35 Volume Metric Formula - Example Two
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