What is the dfference between a rated and unrated bill of lading?

Answer 1

A rated bill of lading includes specific information about freight charges and payment terms, often detailing the rate per weight or volume unit, which helps in calculating the total shipping cost. In contrast, an unrated bill of lading does not specify these charges, leaving the freight cost to be determined later based on other agreements or negotiations. Rated bills are typically used in situations where costs are pre-determined, while unrated bills are more common in flexible or variable pricing scenarios.