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Logistics

Understanding the Different Types of Ocean Freight Rates

Two ocean-freight offers can cover the same route but different commitments. Before comparing amounts, examine the purchasing arrangement and associated terms.

Spot and FAK

A spot purchase addresses a shipment and a specific period. FAK — Freight All Kinds — is a rate category used in ocean offers. The label alone does not establish a validity period or loading guarantee.

Premium and service commitments

A premium offer may include additional commitments. Ask exactly what they cover, their exclusions and any compensation. Commercial priority is not an absolute on-time-departure guarantee.

Contracts and named accounts

A named-account agreement, often called NAC, may identify the shipper within a forwarder-negotiated contract. BCO — Beneficial Cargo Owner — identifies the cargo owner, not a universal rate guarantee. Large shippers may also contract directly with a shipping line.

Read allocations, minimum volumes, penalties and adjustment clauses in the agreement actually signed.

Build a comparable view

Bring together freight, local charges, surcharges, validity, transit, free time and cancellation terms. Maersk’s spot-booking terms, for example, show that free time depends on import and export locations; do not transfer those terms to another contract.

OneChain rate management brings offers and conditions together to support an explainable choice.