RULE: 2.14 - COD - C.O.D. SERVICE AND CHARGES - perSHP(NIC) Eff: 10MAR2016
| Effective | 10MAR2016 |
|---|---|
| Filed | 09FEB2016 |
| Filing Codes | ICA |
Control No. 16-00618
Provisions and Charges named in this Rule apply ONLY on Shipments to
NICARAGUA.
Carrier will accept C.O.D. (Collect-On-Delivery) SBJ to the following
provisions and charges. A C.O.D. shipment shall be deemed to mean any
shipment for which the Carrier is to collect, at the time of delivery,
a sum of money covering all or any portion of the invoice value of the
cargo or merchandise comprising the shipment being delivered under a
single B/L to one Consignee.
a. Pieces, packages or units moving on a C.O.D. basis will NOT be
accepted for delivery on the same B/L with pieces, packages or units
not moving on a C.O.D. basis.
b. When 2 (two) or more pieces, packages or units bearing separate
C.O.D. charges are tendered for shipment by a single Shipper destined
to a single Consignee, each separate C.O.D. component MUST be
tendered as an individual shipment and Carrier will assess freight
and additional charges accordingly.
c. Consignees will NOT be accorded the privilege of examination or
trial prior to payment of full C.O.D. amount and/or other charges
listed on the B/L.
d. Invoices, shipping instructions and B/L covering a C.O.D. shipment
MUST be clearly marked "C.O.D." Additionally, the full amount of
money to be collected, together with the name and exact address of
both the Consignee and person, party or firm to whom the C.O.D.
amount is to be remitted MUST be clearly written or typed on all
invoices, shipping documents and B/L.
e. No piece, package or unit of a C.O.D. shipment will be delivered or
released to Consignee until the full amount of the C.O.D. has been
paid. Payment MUST be made by Cashier's Check, Bank Draft, Cash or
such other means acceptable to both the Shipper and the Carrier.
f. For collection and remittance of the C.O.D. amount, Carrier will
assess the handling charge named below, which charge shall be in
addition to all other applicable charges.
5% (five percent) of the amount collected, SBJ to a
Minimum Charge of US$ 20.00 per shipment
