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Ocean freight differential (under P.L. 480): The
difference between the cost of P.L. 480 shipments
that are required to be carried on U.S. flag vessels compared to the cost that
would have been incurred had they been carried on lower cost foreign
bottoms. The U.S. government pays this difference either by
paying the total freight, if the sale is made under Title II of P.L. 480, or by
reimbursing the recipient country or private grain company (whichever pays the
shipping) if the sale is made under Title I of P.L. 480.
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