{"@context":"https://schema.org","@type":"DefinedTerm","name":"Contract Rate","description":"Anyone shipping predictable volumes over months uses contract rates to hedge against market swings. A contract rate is a contractually agreed freight price between a shipper or freight forwarder and a carrier – in ocean freight typically the shipping line – valid for a fixed term, usually six to twelve months. It is often negotiated in a tender process and, in addition to the price, frequently includes volume commitments (minimum quantity commitments) and guaranteed space. The advantage: budget ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/contract-rate","inLanguage":"en","dateModified":"2026-07-19T10:08:28.313986","citation":"https://www.marineinsight.com/maritime-law/differences-and-correlation-between-spot-rates-and-contract-rates-in-shipping/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/contract-rate","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Contract Rate · Anyone shipping predictable volumes over months uses contract rates to hedge against market swings. · Quelle: https://www.marineinsight.com/maritime-law/differences-and-correlation-between-spot-rates-and-contract-rates-in-shipping/"}