RULE: 7.010 - METHOD OF PAYMENT Eff: 05MAR1999
| Effective | 05MAR1999 |
|---|---|
| Filed | 03FEB1999 |
| Filing Codes | I |
Except as specified in the Rule No. 7-01E, all freight and charges are to be prepaid in U.S. Dollars in the United States, including its possessions and territories. Freight and charges must be paid in full, in legal tender without any offset, counterclaim or deduction. At carrier's option, payment may be by check or bank draft acceptable by carrier's bank for immediate credit without charges. Deduction of freight forwarder compensation from freight charges due is not permitted. The shipper, consignee, owner of the goods and holder of the Bill of Lading are jointly and severally liable to the carrier for the payment of all freight and charges and for the performance of the obligation of each of them. Shipments on which no release of original Bill of Lading has been made by the carrier to the shipper or shipper's agent prior to the vessel's arrival at the Bill of Lading destination port will be held by the carrier at the Bill of Lading destination port until all freight and charges are paid or until the original Bill of Lading has been released to a shipper according to credit provision in Rule No. 7-030E.