Glossary
Terms & Glossaries of Shipping and Trading
RT (Revenue Ton)
Revenue Ton is the unit used to indicate a quantity when calculating ocean freight and other charges. Normally, 1RT = 1CBM or 1,000KGS
Revenue Ton is the unit used to indicate a quantity when calculating ocean freight and other charges. Ocean freight and other charges are invoiced using the greater value of: cargo cubic measure or cargo weight measure.
Normally, 1RT = 1CBM or 1,000KGS
Key takeaways:
A revenue ton is a unit measure used in marine transport to compare the volume and weight of a shipment.
Freight rates are usually expressed in terms of cost per revenue ton.
Revenue Ton is derived by calculating the weight or volume of the cargo and the freight is charged based on whichever is higher.
