Negotiated Rate Agreement (NRA) | Shipping Term Explained
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GLOSSARY

Negotiated Rate Agreement (NRA)

The Negotiated Rate Agreement (NRA) ensures that all the rates are regulated and accepted before shipping.

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What is the Negotiated Rate Agreement (NRA) and its regulations?

The NRA is a document between the shipper and a licenced Non-Vessel-Operating Common Carrier (NVOCC) and is regulated by the Federal Maritime Commission (FMC). This agreement lists the rates for the number of goods to be shipped, from the origin to the destination.

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