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The standard carrier alpha code "NYKU" on an NYK Line container. The Standard Carrier Alpha Code ( SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long.
Forward freight agreement. A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route ...
The International Code of Signals ( INTERCO) is an international system of signals and codes for use by vessels to communicate important messages regarding safety of navigation and related matters. Signals can be sent by flaghoist, signal lamp ("blinker"), flag semaphore, radiotelegraphy, and radiotelephony. The International Code is the most ...
This figure has been consistent for the last few years (ranging between 58% and 69%). Moreover, US respondents asked in the survey listed free shipping (54% mentions) as a most important factor for online shipping. Next in line were exclusive online deals (23%), no sales tax (10%), fast shipping (9%) and in store pickup (5%).
Amazon has filed a patent for a shipping system designed to cut delivery times by predicting what buyers are going to buy before they buy it -- and shipping products in their general direction, or ...
As eCommerce hits the highest share percentage its ever seen versus retail ( 8.6% ), the perk of free shipping is a major incentive to buy more, as orders with free shipping average around 30% ...