Instructions on how to calculate international freight rates

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In the development trend of demand for freight delivery between Vietnam and the world is on the rise continuously. International freight rates are always a top concern. In this article, LEC Group experts will give detailed instructions on how to calculate international freight rates. Stay tuned now!

What is international transport?

International transportation is now an indispensable part for companies, enterprises and small businesses who have business relationships or transactions with regional or global markets. And this is the premise to create the birth of international transport.

In addition, international transport is also an inseparable part and plays an extremely important role in the process of goods circulation in order to bring goods from manufacturers to consumers and from this market other markets.

In the concept of international transport, it is impossible not to mention the concept of international forwarding service. International freight forwarding is a form of transporting goods along international routes by different modes of transport. However, at present, international forwarding is mainly carried out by sea and air transport.

What is international freight?

The international freight charge is the cost that customers have to pay the company providing international freight forwarding services. For international freight can be paid by prepaid or postpaid.

For the following specific cases, 0% tax rate for international transportation shall apply:

• There is a contract to transport passengers, luggage, cargo, etc. between the carrier and the charterer. Follow international routes from Vietnam to foreign countries or vice versa with other forms of transportation in accordance with the law of Vietnam.

• Having proof of bank payment or other forms of payment considered to be via bank payment.

Instructions on how to calculate the international shipping rates

For the calculation of international freight rates will be applied according to regulations for all companies. This will contribute to ensuring the fairness and stability of the market. In addition, international freight rates will be based on the weight of the goods or the volume of the goods.

The formula for calculating weight converted from the size of parcel or goods is calculated as follows:

• Converted weight (kg) = (Length * Width * Height) / 5000.

• In which: length, width, height are measured in centimeters.

The above formula is applicable to road, sea and air freight.

Specific examples for calculating international freight are as follows: Your company needs to send a packed parcel with a length of 40cm, a width of 50cm, a height of 60cm, a weight of 10kg and Need to send to foreign countries. Freight is $ 1 / kg. From there, the weight is calculated as follows:

Weight (kg) = (40 * 50 * 60) / 5000 = 24kg.

Because the weight is 24kg> 10kg, this parcel that your company wants to send will be charged according to the converted weight of 24kg. Thus, shipping fee will = 24kg * 1 $ = 24 $.

However, you should note that the fixed rates for each country will be different, so to calculate the international freight rates accurately and specifically for those goods. You need to know which country you want to ship the goods to.

The above is a guide on how to calculate the shared international freight rates from LEC Group experts. We are now one of the best providers of international shipping solutions in Vietnam at reasonable prices. Please contact us from today to get the best support!

LEC GROUP

Head Office: Road 4, Phu My 1 Industrial Zone, Phu My Ward, Phu My Town, Ba Ria - Vung Tau, Vietnam.

Add: No. 28 Thao Dien Street, Thao Dien ward, District 2, Ho Chi Minh City, Viet Nam.

Hotline: (+84) 909 800 136 & (+84) 901 388 136.

Email: info@lecvietnam.com & thao.nguyen@lecvietnam.com

Website: https://lecvietnam.com/

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