§247.270-1. Definitions.
48 C.F.R. § 247.270-1
Commodity rate is—
The price quoted for handling a ton (weight or measurement) of a specified commodity; and
Computed by dividing the hourly stevedoring gang cost by the estimated number of tons of the specified commodity that can be handled in 1 hour.
Gang cost is—
The total hourly wages paid to the workers in the gang, in accordance with the collective bargaining agreement between the maritime industry and the unions at a specific port; and
Payments for workmen's compensation, social security taxes, unemployment insurance, taxes, liability and property damage insurance, general and administrative expenses, and profit.
Stevedoring is the—
Loading of cargo from an agreed point of rest on a pier or lighter and its storage aboard a vessel; or
Breaking out and discharging of cargo from any space in the vessel to an agreed point of rest dockside or in a lighter.
Notes, amendments, and revision history
Amendments
[56 FR 36466, July 31, 1991, as amended at 65 FR 50144, Aug. 17, 2000. Redesignated at 75 FR 51417, Aug. 20, 2010]
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36466, July 31, 1991, unless otherwise noted.
Amendments
[56 FR 36466, July 31, 1991, as amended at 65 FR 50144, Aug. 17, 2000. Redesignated at 75 FR 51417, Aug. 20, 2010]