This term is similar to Weight or Measurement (W/M) and is used in freight shipping to decide the basis for freight charges. As mentioned, carriers will charge based on whether the total weight or total volume of the cargo costs more, using a predetermined rate for each. It ensures flexibility in charging methods, accommodating the varying nature of different goods transported.

These terms are crucial in the logistics and shipping industries, affecting how goods are priced for transport, how they are loaded and handled, and the overall efficiency and legality of shipping operations.

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What is Under Way?