Enter the volume of the cargo, distance of the shipping route, rate per cubic meter per nautical mile, and the fixed costs into the calculator to determine the sea freight rate.

Sea Rates Formula

The following formula is used to calculate the sea freight rate. 

SR = (V * D * R) + F

Variables:

  • SR is the sea freight rate ($)
  • V is the volume of the cargo (cubic meters)
  • D is the distance of the shipping route (nautical miles)
  • R is the rate per cubic meter per nautical mile ($)
  • F is the fixed costs associated with the shipment ($)

To calculate the sea freight rate, multiply the volume of the cargo by the distance of the shipping route, then multiply the result by the rate per cubic meter per nautical mile. Add the fixed costs associated with the shipment to the result.

What is a Sea Rates?

Sea Rates refer to the cost of transporting goods or cargo by sea from one location to another. These rates can vary based on several factors including the size and weight of the cargo, the distance between the origin and destination, the type of goods being transported, and the shipping company’s pricing policies. Sea rates are typically charged per container and can also include additional fees for services like loading and unloading, documentation, and customs clearance.

How to Calculate Sea Rates?

The following steps outline how to calculate the Sea Rates using the given formula:

  1. First, determine the volume of the cargo (V) in cubic meters.
  2. Next, determine the distance of the shipping route (D) in nautical miles.
  3. Next, determine the rate per cubic meter per nautical mile (R) in dollars.
  4. Next, determine the fixed costs associated with the shipment (F) in dollars.
  5. Finally, calculate the Sea Rates (SR) using the formula: SR = (V * D * R) + F.

Example Problem:

Use the following variables as an example problem to test your knowledge:

volume of the cargo (V) = 10 cubic meters

distance of the shipping route (D) = 100 nautical miles

rate per cubic meter per nautical mile (R) = $5

fixed costs associated with the shipment (F) = $200