A formula of the specific factors or elements that control the making of a rate. Reasonableness Under ICC and common law, the requirement that a rate not be higher than is necessary to reimburse the carrier for the actual cost of transporting the traffic and allow a fair profit. Rebate An illegal form of discounting or refunding that has the net effect of lowering the tariff price. See also Malpractice. Reconsignment Changing the consignee or destination on a bill of lading while shipment is still in transit.
Diversion has substantially the same meaning.
Recourse A right claim against the guarantors of a loan or draft or bill of exchange. A label required on shipments of flammable articles. Reefer Refrigerated container. A group of points to which rates are made the same as or in relation to rates to other points in group. RFQ Request for quotation.