berth terms

Definition of "berth terms"
  1. A shipping rate that covers costs from the loading port's end of the ship's tackle to the discharging port's end of the ship's tackle
How to use "berth terms" in a sentence
  1. Their company experienced an increased profit due to the efficient nature of berth terms.
  2. By choosing berth terms, they managed to save money by paying the ship's costs only from the loading to the discharging port.
  3. Understanding how berth terms work is essential for a business that relies heavily on shipping goods.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z