The invention relates to an ultrasonic flow meter arranged to measure a flow rate of a liquid, the flow meter comprises a flow tube 2, optionally a measurement insert, and two or more ultrasonic transducers 8 which are arranged in transducer inserts 20 to be inserted into the flow tube through openings in the flow tube. The transducer inserts are formed monolithically with the housing as a part of the bottom of the housing. The transducer inserts are in a mount position inserted through the openings in the flow tube to extend into the flow passage so that the surface 15 of the transducer inserts protrude into the flow passage. In this manner, gas bubbles, such as air bubbles, released from the flowing liquid will not rest in front of the transducer insert irrespectively of the orientation of the flow meter in the pipe installation.