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basing point

American  

noun

  1. a geographical location from which freight charges are computed by the seller regardless of the point from which the goods are shipped.


Example Sentences

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U.S. troops long have used Jordan, a kingdom bordering Iraq, Israel, the Palestinian territory of the West Bank, Saudi Arabia and Syria, as a basing point.

From Seattle Times ● Jan. 28, 2024

According to FTC's report, this was done under a complex "basing point" price system which added "phantom freight" to the price of the oil.

From Time Magazine Archive

Other industries now using basing point prices, which may also, include "phantom" freight charges, are cement, lumber, paper, flour, sugar.

From Time Magazine Archive

Two years ago the basing point system's freight-rate differentials against Birmingham were abolished, and Birmingham, whose pig iron is $4.83 a ton cheaper than Pittsburgh's, got a green light to expand.

From Time Magazine Archive

The basing point system, said he, is the so-called "Gulf Price" system, which fixes the world price of oil at U.S.

From Time Magazine Archive

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