RULE: 7 - PAYMENT OF FREIGHT & CHARGES Eff: 24JAN2022
| Effective | 24JAN2022 |
|---|---|
| Filed | 24JAN2022 |
| Filing Codes | IC |
A. CURRENCY:
Rules and charges are quoted in U.S. 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 in this
relationship, carrier reserves the right, upon publications in
conformity with the provisions of the U.S. Shipping Act of 1984, as
amended, to adjust the NRAs and charges as required.
B. METHODS OF PAYMENT:
Payment for freight or additional charges due the Carrier must be
payable in legal tender or, at Carrier's option, by check or bank draft
acceptable by Carrier's bank for immediate credit without charges. All
freight and additional charges named in this Tariff and in NRAs
governed by this Tariff are due and considered earned upon receipt of
the cargo by the originating carrier or his agent, and shall be paid to
the carrier without discount or deduction, whether the ship and/or
cargo is lost or not lost, transportation is interrupted or abandoned,
whether the cargo is damaged or ruined, or whether packages or
containers are delivered empty or partly empty at destination
C. PREPAID FREIGHT:
1. Unless otherwise agreed in an NRA, when freight monies and charges
are prepaid, such payment shall be made not later than the time of
release of any original Ocean Bill of Lading by the Carrier to the
shipper or his duly authorized licensed Freight Forwarder or Agent
acting on his behalf.
2. When freight and charges are billed prepaid, they shall be paid in
U.S. dollars.
D. FREIGHT COLLECT:
All freight and charges which are billed on a freight collect basis
must be paid in full in U.S. Dollars, or in a currency acceptable to
the carrier provided such currency shall be unblocked, freely
convertible and freely remittable free of tax into U.S. Dollars, for
the complete originally issued Bill of Lading quantity prior to release
of cargo or any portion thereof.
E. CURRENCY CONVERTABILITY:
1. Conversion Provisions:
In addition to the United States Dollars, freight monies and charges
may be billed and paid in foreign currencies, provided they are
freely convertible and remittable and free of tax.
F. FREIGHT CHARGES: 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. In the event the Merchant, shipper, consignee or
his agent refuses to pay freight and other charges, and merchandise
remains undeliverable thereby, Merchant, Shipper and Consignee jointly
and severally guarantee and remain liable for full payment of freight
and other charges, together with any expense incurred while awaiting
disposition of the cargo.
G. COLLECTION COSTS: If any party responsible for the payment of charges
fails or refuses to pay lawful freight and/or other charges due as
specified above, Carrier shall be entitled to recover all collection
costs incurred, including, but not limited to, reasonable collection
agency fees, attorney's fees and court costs.
