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Ad Valorem

By: speedrev
On: June 3, 2024
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Latin for ‘according to value’ indicating that the freight rate is determined as a fixed percentage of the value of articles being shipped.

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2024-06-03

Term of the day

X-Frame

A frame design shaped like an elongated letter X that narrows to a strong junction at the center section; it usually has three or more crossmembers to provide torsional stability but there are no crossmembers in the center section of the vehicle
Full Description | Glossary

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