Business / Agriculture / Ocean Freight Differential (Under P.L. 480): The difference between the cost of P.L. 480 shipments that are required to be carried on U.S. flag vessels compared to the cost that would have been incurred had they been carried on lower cost foreign bottoms. The U.S. government pays this difference either by paying the total freight, if the sale is made under Title II of P.L. 480, or by reimbursing the recipient country or private grain company (whichever pays the shipping) if the sale is made under Title I of P.L. 480.
Freight Noun Synonyms: transport, transportation, carriage, conveyance, shipping, shipment, freightage, delivery
Freight Adjective Synonyms: goods, cargo, tonnage, freightage, load, boatload, shipload, lorry load, haul, consignment, payload
Ocean Noun Synonyms: (deep blue) sea, (bounding) main, high seas, the deep, Davy Jones's locker, the depths, the briny, the drink
Science / Marine Biology / Oceanic Ridge: A sinuous ridge rising from the deep-sea floor MORE
Science / Tides and Currents / Oceanography: Oceanography is the science of all aspects of the oceans, in spite of its etymology. The term, oceanography, implies the interrelationships of the various marine sciences of which it is composed. This MORE