A Negotiated Rate Arrangement (NRA) is a regulated document overseen by the Federal Maritime Commission (FMC) that governs the process of documenting and accepting ocean freight rates before the cargo is loaded onto a vessel. NRAs are agreements between a shipper and an ocean carrier that establish specific rates and terms for transporting goods. These negotiated rates provide flexibility and customization, allowing shippers to secure competitive pricing based on factors such as volume, frequency, or special requirements. By formalizing the rates and terms in an NRA, both parties have a clear understanding of the agreed-upon terms, ensuring transparency and minimizing potential disputes. The FMC oversees NRAs to ensure compliance with regulations and fair practices in the ocean freight industry.

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