RULE: 7 - PAYMENT OF FREIGHT CHARGES Eff: 12SEP1995
| Effective | 12SEP1995 |
|---|---|
| Filed | 09AUG1995 |
| Filing Codes | I |
A) Freight charges must be prepaid, unless prior
arrangements have been concluded in accordance
with the following provisions:
1) Prepaid Freight and Prepayment of Freight:
When freight or charges are prepaid, Bill of
Lading must not be issued except upon payment
of such freight of charges in U.S. Dollars
or in foreign currency based on the highest
(numerical) Telegraphic Transfer Selling Rate
of Exchange (TTS) for U.S. Dollars pursuant to
Rule 3.
2) Collect Freight:
Collect freight and charges must be paid to the
ocean carrier prior to release of cargo at
terminal ports of discharge.
3) Freight charges must be paid to the carrier
before release of the cargo, unless prior
arrangement to the contrary has been made
with the carrier.
4) Freight charges and all other charges must be
prepaid on shipments of:
a) Household Goods
b) Personal Effects
c) Privately Owned Motor Vehicles
d) Refused/Returned Shipments
5) In the event Consignee or his agent refuses
to pay freight and other charges, and mer-
chandise remains undeliverable thereby, Shipper
guarantees and remains liable for full payment
of freight and other charges, together with
any expense incurred while awaiting desposition
of the cargo.
B) Ocean freight and other Tariff charges are due
and completely earned upon receipt of cargo by
the Carrier, ship and/or cargo lost or not lost.
C) Currency Clause:
Rates and Charges are quoted in United States
of America currency and have been determined with
due consideration to the relationship of U.S.
currency to other currencies involved. In the
event of any material change of this relationship,
the Carrier reserves the right upon publication
if in conformity with the provisions of the United
States Shipping Act of 1984, as amended, to adjust
the rates and charges as required to remove the
adverse effects.
D) Freight and charges on collect shipments shall
be paid for prior to the delivery of the cargo.
E) Prepayment of freight monies and charges at
destination, must be made in full for the
complete original Bill of Lading quantity prior
to the release of any original ocean Bill of
Lading by the Carrier to the Shipper or his
duly authorized licensed Freight Forwarder
or his Agent.