Majority of businesses across the globe rely on the ocean for moving their goods internationally. Ocean shipment is known to be a cheaper option as compared to air shipment. Here is a list of some of the factors that determine or influence the ocean freight rates:
The ability of the shipper to negotiate rates with the freight forwarder/carrier
Service charges levied by the stakeholders involved
Fluctuations in currency
Costs involved in handling and clearing goods at the port of loading and port of destination.
Whether a shipment requires a dedicated Full Container Loading (FCL) or it’s small enough to be consolidated with other cargo that is Less than Container Load (LCL)