A lump sum freight agreement is a transport contract in which carrier and shipper agree on a single, predetermined price for a clearly defined shipment, with no subsequent adjustment for actual weight, volume, or transit time.
Source: https://www.supplychaindigital.com/definition/lump-sum-payment-freight-agreements
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P50/P80 transit times for sea, air and road — sourced and confidence-rated, not a carrier quote.
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