A forwarder and shipper agree: the freight rate remains fixed as long as cost indices fluctuate by no more than 3 % against the reference period.
Source: https://www.investopedia.com/terms/p/price-adjustment-clause.asp
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.