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basing point

noun

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


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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

Meantime the steel industry was concerned with another and more fundamental aspect of steel prices � the basing point system of quotations.

Pittsburgh Plus was then replaced by the basing point system, which substituted a number of cities for Pittsburgh.

Montana's Senator Burton Kendall Wheeler is earnestly trying to end the basing point once & for all with a bill introduced last month.

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

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