Fortunately, shipping companies are now in a better position to push for higher rates since spot rates are no longer below contract rates.
By filling up a truck first, Lowe's pays contract freight rates as low as one-fifth of those for smaller deliveries.
Losses on loans would rise alarmingly if the economy were to contract sharply or official interest rates to rise.
Carnival Cruise lines was given a contract for housing evacuees at their normal rates including revenue lost from casino, liquor and excursions.
If you are willing to buy other services and agree to a contract, you likely can lock in lower rates for a year or two.
But in the process, global demand will contract as emerging economies are forced to raise interest rates to deter capital outflows.
If the contract owner is unhappy with the current rate, he typically is faced with stiff surrender charges which deter him from withdrawing funds from the contract or switching to another insurance company offering higher rates.
As the open market sales would be at spot-rates, which are much higher than contract prices ExxonMobil would have entered into with its major customers, this would mean an increase in profits for the company in the short term.
The corporation then signs a long-term contract to buy the solar electric power from the third party at rates that are almost always less than what it would pay its traditional utility.
He also noted that chip factory utilization rates have declined to slightly below-seasonal levels, and that contract prices for both DRAM and NAND memory chips are expected to drop in Q3, due to weak PC and smartphone demand.
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Enterprise announced the outcome of contract discussions on Wednesday, citing the online travel agent's "unacceptably high commission rates" to add its Enterprise brand to the site and a decision by Orbitz to drop National and Alamo from its listings.
Contract disputes with pilots led to a slowdown in autumn flights that likely led to their high rates of late and cancelled flights.
These initial rates are often represented and illustrated as what the consumer can expect over the life of the contract.
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